Inventory Management in Manufacturing: Tips and Techniques

Warehouse Organization – 10 Best Practices for Small Businesses

There are many moving parts to running a profitable business. One critical but often overlooked component is an efficient warehouse operation. Here’s why it’s important, along with 10 warehouse organization tips to optimize and keep it running smoothly.

By Steve Maurer, IME 14 min read

InventorySupply Chain

Overstocking and How to Prevent It

Overstocking means holding more inventory than is actually needed. While it might sound like a good idea to have extra stock lying around just in case, it can significantly increase your operating costs and erode profits.

By Madis Kuuse 8 min read

InventoryManufacturing Tips

What Is Dead Stock and How to Avoid It?

Dead stock, also called dead inventory, happens when materials, components, or products lose their purpose. Understanding the causes of dead stock helps you prevent costly tie-ups of cash and space. Dead stock management starts with recognizing the warning signs.

By Steve Maurer, IME 12 min read

AccountingInventory

Specific Identification Inventory Valuation – When to Use it?

Managing inventory costs in manufacturing? The specific identification method tracks each item’s actual cost from purchase to sale—no estimates, no assumptions. It’s the most accurate way to calculate the cost of goods sold, but the complexity means it only makes sense for certain operations.

By Steve Maurer, IME 11 min read

AccountingInventory

Weighted Average Cost Inventory Valuation – Is It Right for You?

When it comes to inventory valuation methods, weighted average cost (WAC) offers manufacturers a practical balance between simplicity and accuracy. WAC particularly makes sense when tracking large quantities of identical items. Understanding whether WAC aligns with your specific operation can significantly improve your inventory accounting.

By Steve Maurer, IME 12 min read

Inventory

Stock Replenishment – Top Tips for Small Manufacturers

Inventory control, inventory optimization, inventory management – are they all just other words for stock replenishment? In a way, yes, but also, not at all! Let’s find out the difference.

By Mattias Turovski 12 min read

Inventory

How to Keep Accurate Inventory Records?

Keeping accurate inventory records is an important part of maintaining a smooth running operation. An inventory management software solution provides an answer to this challenge, keeping the business fiscally fit.

By Steve Maurer, IME 11 min read

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InventoryManufacturing Tips

Inventory Control – An Essential Guide for Small Manufacturers

Reliable inventory processes are the foundation for a well-functioning and profitable manufacturing or distribution business. In this post, we look at essential topics for achieving a high level of control over your stocking process.

By Mattias Turovski 18 min read

Inventory

What are Inventory Discrepancies and How To Avoid Them?

Whether consumers or vendors, your customers rely on you to get quality products delivered on time and in full. Inventory discrepancies caused by inventory data errors are a leading cause of delayed delivery, often resulting in reputational damage and loss of trust.

By Steve Maurer, IME 12 min read