How to keep track of inventory – that is a subject many distributors, sellers, and manufacturers ponder every day. A sudden influx of orders, the need to fulfill orders quickly, a desire to maintain consistent inventory accuracy, and a number of other challenges can all leave you wondering how to keep track of inventory. Acctivate…continue reading
Inventory Optimization Software: A Guide to Best Practices
Inventory optimization software provides the tools for implementing best practices seamlessly through automation and heightened visibility. The benefits of Inventory Optimization Software 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…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
