Inventory optimization software helps employ best practices seamlessly through automation and heightened visibility. According to a report from McKinsey & Company, the worldwide cost of inventory distortions, i.e., overstocks, stockouts and shrinkage is $1.1 trillion. Reducing those distortions can lower inventory costs by 10%. Inventory optimization software puts the “best” in these 5 inventory management…continue reading
Barcode System for Small Business 101
A barcode system for small business can be transformative for efficiency, accuracy, speed, and consistency within a warehouse and throughout a business. When small businesses are unsure if barcoding is right for them, it is beneficial to first assess the Whys and Whats before proceeding to the Hows. Most small businesses realize the ROI of…continue reading
5 inventory tools to help with inventory control and management
With the right inventory tools, small and mid-sized businesses can effectively manage their inventory Inventory management continues to play a critical role in the success of an organization. However, because of the domino effect businesses have on the overall economy, recently “unsold inventory created a big drag on the economy”. According to NRF Chief Executive…continue reading
