Businesses of all sizes need to stay on top of their inventory to avoid falling victim to risks like damage, theft, and missing inventory. Whether it is a disorganized warehouse, an employee with bad intentions, or overhandling, there are so many ways that you can lose inventory—and your profits can take a significant hit. Thankfully, … Read moreKeeping Inventory Threats Under Control
Congratulations! You’ve made it through end-of-year asset and inventory counts. While we all dream of perfectly reconciled reports after final count, the reality is that things simply go missing throughout the year. How can this be managed? It starts with enhanced visibility, and there’s no better time than the new year to improve the way … Read moreIt’s 2019. Do you know where your stuff is?
Taking inventory can be an arduous task, yet it’s one that most businesses wouldn’t dream of skipping. Here is a look at why taking inventory is so useful. The main question that can be answered by taking inventory is how much of each item a business has on hand. This might include finished products as … Read moreWhy Taking Inventory is Essential in Business
What is it? Inventory management is a crucial part of supply chain management. It means having the right amount of product ready for sale, at the right time. If done correctly, effective inventory management will reduce the cost of carrying overstocked goods. At the same time, it ensures nothing goes out of stock. Inventory management … Read moreImproving Inventory Management