2020 is drawing to a close and brings with it the end of an eventful and difficult year. With all its complications and uncertainties, business owners have to face realities, and those whose businesses have survived also have to face the daunting task of counting inventory for the end of the year.  With...

The supply chain is a vital part of many businesses. It is key to the success of a company and customer satisfaction. It is an elaborate process that can reduce costs, and make a business more efficient. While machine learning and AI can improve the forecasts and demands, forecasting and delivery...

Coronavirus has disrupted a lot of things in every industry. The supply chain has also been greatly affected by the pandemic. When this virus first came out in the news, never would we have expected that things will escalate to where we are now.  The rapid spread of the virus has affected everyone...

Warehouse management is optimizing and managing the operations of warehouses starting from the entry of the inventory until these are sold or consumed. In warehouse management, the operations include receiving the inventory, storing, and shipping the inventory out to the customers.   Benefits...

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...

Doing inventory count can be a very stressful and tedious task. Counting store merchandise can take up a lot of time for some businesses and might require closing store for the time being. However, even if it is something that you do not want to do, you still have to do it. You have to check your inventory...

Most of the time, consumers use UPC and SKU interchangeably. However, for those who are managing the inventory, it is important to determine the difference between the two. The Difference between SKU and UPC Code SKUs or stock keeping units are inventory codes that are unique to a certain organization....

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...

Companies usually do an annual inventory but most of the time, this is being overlooked. There are multiple factors that can hinder a company's annual inventory plan. Usually, lack of manpower and time are the common reasons why a planned inventory does not push through. Other factors include not having...

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...

One of the most important things in supply chain planning in retail or other businesses is being able to efficiently order and sell stock in stores and online. The communication between the systems in a brick and mortar building and a website are critical to maximizing efficiency and profit. With the...

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...

Important things in supply chain planning in retail or other businesses are being able to efficiently order and sell stock in stores and online. The communication between the systems in a brick and mortar building and a website are critical to maximizing efficiency and profit.   With the clear...

Keeping track of the inventory in a retail store can be difficult, but with the right processes and technology this becomes much more manageable. No business owner wants too much stock that will lead to inevitable markdowns that hurt profit margins in the same way that not having enough will lead to...