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…
For almost all businesses, inventory management is the “meat and potatoes” of corporate life. Generally, inventory management may not be as glamorous as PR or digital marketing, but it’s the process that keeps everything moving. It helps you know what you need, what are you selling and…
As of late, Artificial Intelligence (AI) has become a buzz word in the tech industry. Whenever we hear the term, we think back to the days of watching the movie ‘’Smart House’’ on the Disney Channel. Now, we are having nightmares that a robot is going to…
Data, data, and data – you hear so much about it, but do you really understand the importance of data? At its most basic, data is simply a collection of different facts, including numbers, measurements, and observations, that have been translated into a form that…
In the first part of this title we have talked about main types of accounting software as well as the benefits of integrating such systems. Now lets dive deeper and talk about particular software that we suggest to use. What accounting software should you start…