Inventory

Managing finished goods inventory is a critical process for any manufacturing business. It involves tracking and storing products that are ready for sale with the goal of meeting customer demand without holding too much stock.

Effective inventory counting is an essential practice for any business, but traditional methods can be disruptive. Inventory cycle counting offers a more flexible approach that keeps your operations running smoothly without needing a full-scale shutdown. Let’s look at what cycle counting is and why it’s important.

Next to inadequate stock levels, inventory losing its value is a key concern among companies. Capable inventory management software is your best tool for increasing stock control and thus avoiding both issues. In this post, we look at obsolete inventory – how to prevent it and what to do when it happens.

Running a warehouse efficiently is no small feat. From inventory management to staff training, many factors can impact your operation. One wrong move can lead to significant delays, increased costs, and even safety hazards. This article explores some of the most common warehouse management mistakes and provides practical solutions to avoid them. 

Excess inventory is the surplus of stock that exceeds actual demand. Stemming from various causes, overstocking might result in reduced cash flow, increased costs, and dead stock.

Warehouse management oversees the operations in a warehouse to ensure efficient storage, handling, and distribution of goods. Here is a comprehensive guide to the basics of effective warehouse management.

While stockouts may suggest that a product is popular, they are typically costly mistakes in inventory management that are far better avoided than managed after the fact. In this article, we look at what stockouts are, how they are caused, and what businesses can do to prevent them.