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
It’s no secret that there has been a huge shift towards multi-channel marketing. Having multiple shopping options is important so that your most valuable costumers can purchase whenever and however they please, but successful multi-channel ecommerce is more complicated than simply listing products on a few different platforms. Many problems can arise with having your … Read moreA Guide to Multi-Channel Inventory Management
Proper inventory management is essential, so take a look at your current processes and see if you’re making one of these five common mistakes. 1. Unqualified workers are managing your inventory: Because this job is so important, you need to ensure you have the right people in charge of it. Hiring a professional inventory manager … Read moreAre You Making These Common Inventory Management Mistakes?
Despite the best efforts of management and modern inventory management software, inaccurate inventory counts are still a real possibility. When inventory data does not line up with what is actually in the warehouse, order fulfillment delays are likely, which can lead to dissatisfied customers. There isn’t really one single way to move closer to inventory … Read moreBoosting Inventory Accuracy By Cycle Counting Inventory