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
InventoryManufacturing TipsSales What Is SKU Rationalization? Determining which products to continue selling and which ones to discontinue is a challenge most businesses need to face at some point. Because there are many aspects to consider before cutting your product catalog, the process of SKU rationalization is here to help you find a balance between too many and too few SKUs. By Madis Kuuse 8 min read
InventoryManufacturing Tips Stocktake – A Practical Guide to Inventory Counts A stocktake is the act of counting and recording the quantities of goods in stock to compare the results with available inventory data and find discrepancies. It is a crucial part of any business that holds inventory and that is why the process of performing a stocktake needs to be rigorously organized. By Madis Kuuse 10 min read
