What is the right amount of inventory to stock? Every organization holds some stock, but there is always a challenge of determining the right amount of inventory to maintain. Owning a stock is very costly. Therefore, this is why organizations strive to maintain an optimum…
Inventory can play a substantial role in the health of a business—having too much can cause problems, as can having too little. Possible troubles can include increased costs, missed sales and frustrated customers who can’t get their orders filled. By using key performance indicators (KPIs)…
A dream that you dream alone is only a dream. A dream you dream together is reality. John Lennon Our culture is built and maintained by the values that underpin our business and guide how we work. We are passionate about our customers and consumers and…
Bad inventory management can cost your company tremendous amounts of time, money and, ultimately, its chances of success. It can heavily impact any business’ organizational performance, leaving it with lackluster profit margins and elevated overhead expenses as a result. No business is exempt from the…
As all know, maintenance of inventory levels at your business is vital to the success. Though balancing supply and demand is tough work, it is detrimental for your firm to have either too much or too little product or material. It is universally acknowledged that…
What is inventory optimization? Inventory optimization is the practice of having the right inventory to meet your target service levels, while tying up a minimum amount of capital in inventory. To achieve this, you need to account for both supply and demand volatility. Don’t confuse…
Once you have full visibility over your inventory management, you can start to see how to grow sales, margins and efficiency throughout your business. Here’s everything you need to know about using inventory reporting to analyse — and improve — your business processes. What is…
You’re a small business owner working with a tight budget and a lean team. You have to carefully allocate your resources to make sure your business can turn a profit. And you aren’t sure if investing in stock control software is the best way to…
Imagine if you could magically save 4-5 hours of your time each day that you spend on your excel sheets. These long hours that you utilize to fill and update your inventory status on these excel sheets can be cut down to simply one click!…
Software as a Service, more commonly known as SaaS, is a software delivery model. It uses an internet connection and web browser to allow users to access its data from anywhere. SaaS applications are also known as Web-based software, on-demand software and hosted software. The…