One of the most important components of inventory management is that of valuing the items you have on stock (or in-transit), both for pricing as well as accounting purposes. Not only does this help you manage your cash flow and keep your books balanced, but it also helps you determine how much to charge...

Managing a warehouse is no easy feat. There are a number of critical aspects the individual in charge is tasked with, from supervising staff to overseeing the shipping, receiving and inventory process to working with other departments to properly plan, measure and forecast and, of course, ensure optimum...

Have you ever considered using barcodes in your inventory management plan? Perhaps you’ve given it some thought, but decided against it due to concern over pricing and the overall assumption that implementing such a strategy is too big of an undertaking. While these concerns may have been warranted...

Inventory shrinkage is a serious problem for companies that carry physical stock and it can be incredibly costly. Without the proper checks and measures in place, a business could suffer a significant loss of product, which can directly impact the bottom line. If you own a company that stocks inventory,...

Managing inventory can be challenging. The most efficient and effective way to do so is by implementing inventory management software. But what if you’re a business that’s just starting out and you’re working within a very limited budget? Are you stuck keeping track of items coming...

As with anything else in business, there is a right way and a wrong way to manage inventory. Many businesses make the same mistakes that ultimately cost time, money and aggravation. The good news is, most of these routine errors can easily be avoided, provided you are aware of what to watch for. Let’s...

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,...

If you’re not yet familiar, the supply chain is made up of an interconnected network of businesses and departments that are involved with every step of the process of bringing a product to market. In other words, it involves everything from production and packaging to distribution, inventory and,...

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...

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,...

If your organization has any type of inventory, developing strategies to manage that inventory most effectively is essential – regardless of what industry you happen to be in. Effective inventory management can save your company time, money and aggravation and also better prepare you for the future....

Even if you’ve been in the inventory management field for some time, there are a number of facts out there that may surprise you. More importantly, some of these surprising statistics can (and should) be leveraged to improve how your inventory process is handled. Let’s take a look at 5 inventory...

Managing a warehouse is no easy feat. Keeping track of what’s stored where, how much is in stock and any number of other inventory questions is critical to the ongoing success of your business. Without the right strategy in place, however, this can easily turn into a chaotic nightmare,...