Small businesses could see their reputation take a huge hit if they promise customers items and then fail to deliver. It’s not enough to simply have a good inventory control system in place; getting 100 percent accuracy is essential. Businesses must know which items they have on hand as well as how many are available … Read moreDoes Your Small Business Inventory Control Pass the Test?
Inventory management is an essential part of business, and getting it right can give your cash flow a real boost. Here is a look at three techniques that can make a big difference. First In, First Out (FIFO) When you make an effort to sell your oldest stock first rather than your newest stock, you … Read moreThree Inventory Management Techniques You Can’t Afford to Overlook
Reducing warehouse costs is an ongoing project that requires smart actions that don’t compromise quality or customer satisfaction. Here are some ideas for helping your warehouse spend less and maximize profits. Inventory Protection Inventory losses to the tune of billions of dollars are noted each year in warehouses. While theft and misplacement do play a … Read moreKeeping Warehouse Costs Down
Most companies do their best to avoid getting returns or refund requests, but it’s still an inevitable part of doing business. Sometimes the product doesn’t meet a customer’s expectations or an incorrect item is sent, necessitating an exchange or refund. Many sales departments have a hand in some part of the returns process, like dealing … Read moreReturns Pose Challenges in the Warehouse