
Everything You Need to Know About Minimum Order Quantity (MOQ)

What Is a Physical Inventory Count and Why Is It Important?

Inventory Days on Hand: Why It Matters and How to Calculate It?

Tips to Improve Your Inventory Management in 2022

What Is Order Cycle Time and How Can You Improve It?

What are Inventory Risks and How to Avoid Them?
Businesses have a lot to worry about—from inventory management and sales goals to meeting customer demands. But one of the biggest concerns for business owners is inventory risk. Inventory risks refer to various circumstances that might make a company unable to sell their products due to unexpected changes in demand or a loss in product value. This can lead to lost sales and a decline in customer satisfaction. In this blog post, we will discuss some common inventory risks and how to avoid them. We will also talk about how a 3PL provider can help you resolve any inventory risks...
How to Reduce Inventory Write-Offs
A dreaded term in the fulfillment industry is inventory write-off. It is the formal recognition that some of a company’s inventory no longer has value and cannot be sold. Sometimes inventory write-offs are necessary; sometimes items go out of style and need to be reworked or recycled for another purpose. Other times, a product gets damaged in the warehouse, either during storage or transportation, and has to be written-off. If write-offs happen here or there, it won't cause a huge loss to your organization; however, if they are happening frequently, it indicates that your company has poor inventory management. Here...
9 Steps to Solve Common Inventory Problems
[caption id="attachment_6004" align="alignleft" width="300"] iStock.com/SeventyFour[/caption] Any organization that stores items in its warehouse needs some sort of inventory management. Without a proper strategy in place, your organization will face multiple challenges that could cost you money, waste time, and lead to poor customer service. Since the marketplace is constantly changing, you need to be able to adjust your processes to adapt to unexpected shifts. If you work within the e-commerce realm, you already know how important inventory efficiency is to draw in more customers and meet their demands. If you want to have a positive brand reputation, you will need...
Why Your Business Needs Real-Time Inventory Management
[caption id="attachment_5995" align="alignleft" width="481"] iStock.com/gorodenkoff[/caption] What is real-time inventory management and why does it matter? Real-time inventory management is the process of keeping track of inventory sales and purchases as soon as they occur by using software that gives the entire company a picture of what's happening. It allows your organization to have the information it needs to react faster to specific needs in the supply chain. Real-time systems record every transaction immediately, to allow for greater accuracy than periodically updating the inventory at certain intervals. Here are the benefits of real-time inventory management and why you should implement it...
How to Improve Stock Control
[caption id="attachment_5985" align="alignleft" width="507"] iStock.com/gorodenkoff[/caption] Inventory management is one of the most important aspects of a successful business. Understanding the need for effective stock control is only part of the solution. You should also know how to implement it and make the most of it. There are various reliable strategies for improving inventory control, such as characterization, integrated mobile technology, warehouse management systems, and supplier relationship management. These strategies and more provide a foundation to improve your inventory management. If you're wondering how to improve stock control, here are some tips to consider. (more…)