Proper inventory management is an essential part of all businesses, but it’s something that small businesses in particular need to get right if they want to maximize profits. Whether it’s a retail store or a service-based business that sells some products in addition to services, getting inventory right is essential for your balance sheet, tax … Read moreAn Introduction to Small Business Inventory Management
Facility managers who are looking to improve their operations efficiency often focus on areas like personnel requirements, work backlogs, energy costs, response times, and operating costs. However, one area that doesn’t make this list yet could make a tremendous difference in overall success is inventory management. It may not be a core responsibility, but its … Read moreInventory Management Systems Offer Facilities Managers Plenty of Benefits
There are several different good approaches you can take to managing inventory, but one of the most popular ones is First In, First Out, or FIFO. FIFO, which sees the oldest items purchased being sold first, is particularly well-suited to businesses that sell food and other items that expire, like medications. To get an idea … Read moreWhy Is the FIFO Inventory Method So Popular?
Increasingly high consumer expectations have led to the need for better inventory control. Consumers expect what they want to be in stock and be delivered quickly, on time, and for free. How can multichannel operations keep up? With automated inventory management software, of course! A recent article from Retail Logistics International, by Greg Henry, vice … Read moreImprove Multichannel with Better Inventory Control