To know what the business has in its inventory, the best way to find out is to count every single item.  However, counting the inventory one by one and doing a physical inventory is simply impractical. If you are running a big company, it is just hard to do a physical count. There will be more errors...

An inventory management system is used to track the flow of products in and out of a business. Your company can incorporate one primary inventory management system or utilize a combination of techniques, whichever best meets your business’s needs. Your inventory management strategies will allow...

Businesses that deal with inventory frequently run into issues that they must to solve in order to maximize profits. That includes finding the right management technology, dealing with seasonal items, and more. But one thing that many retail and wholesale businesses have to deal with is insufficient...

An effective inventory management system enables businesses to carefully and efficiently manage their stock and inventory items by using the right tools to keep track of their assets and measure their productivity. Inventory management providers such as Blue Chip Inventory Services have played a crucial...

A well-run warehouse or manufacturing facility should follow different analytical and inventory procedures that will enable the company to assess the efficiency of their inventory methods while, at the same time, verifying if the actual count of their assets matches their financial records. Going through...

One of the key advantages to having an inventory management system in place for your retail business is having the ability to accurately track merchandise, from storeroom to sale, which is key to profitability. Technology tools makes it easy to forecast how much of any item to have on hand at specific...

Technology seems to have a common purpose – to make our lives easier. If we were living a century ago, the very idea that we could conveniently order merchandise from a computer in the comfort of our home would have seemed farfetched.  Now it’s a way of life. Who knows what the future...

It looks like 2017 is shaping up to be a solid year for retail growth. That’s because consumers are feeling more confident about parting with their hard-earned dollars. According to predictions from the National Retail Federation (NRF), sales growth could range between 3.7 and 4.2 percent. However,...

In order for a manufacturing company to be successful, the production process must be optimized as much as possible. That includes managing employees, materials, inventory levels and costs in a way that maximizes efficiency and stays comfortably within the proposed budget. To follow are several tips...

Like it or not, people make mistakes. Until we are able to shift the entire inventory management process to machines, the human element will remain to some degree, which means there will always be room for some type of error. As with anything else, some inventory mistakes are more costly and impactful...

As with just about everything else in business, there’s a right way and a wrong way to conduct an inventory count. While a few errors here or there may still occur even with the best inventory management strategy, an influx of consistent blunders could be costing your organization money. Here are...

When it comes to inventory management software, not all products are created equal and price doesn’t always indicate which one makes the most sense for your particular business. For instance, choosing the top of the line product won’t necessarily guarantee the software will be a good fit....

It’s that magical time of year again…the holidays, and if you’re in the retail or ecommerce industry, that means a significant boost in profits. Managing your inventory during this time of fluctuation can be challenging, however, and if not done properly, can lead to lost revenue,...

One of the most important tasks of inventory management is conducting counts. It may seem pretty straightforward, but if it’s not done correctly, it could significantly impact your organization’s bottom line. To help improve the chances of a smooth and uneventful inventory count, we thought...