by Paul Trujillo March 14, 2016 Follow @TruPaultxMarch 14, 2016 Key performance indicators (KPIs) help identify and define progress towards defined business goals. Although KPIs vary across businesses and industries, they are vital to the success of an organization. Why exactly are KPIs so important? They reflect your business goals and mission, providing ways to … Continue reading 6 Important Inventory KPIs That Can Make or Break Your Warehouse
Category Archives: Inventory Management
An Easy Way to Protect Yourself Against Bad Inventory Data
by Paul Trujillo February 17, 2016 Follow @TruPaultxFebruary 17, 2016 A recent survey revealed 48 percent of small businesses use systems that put them at high risk of having bad inventory data, but here are four ways an inventory management system can significantly reduce that risk. Information is good. Information can help you make better … Continue reading An Easy Way to Protect Yourself Against Bad Inventory Data
14 Ways to Convert Slow-Moving and Excess Inventory into Cash
by Grant Thomas January 14, 2016 Follow @gsthomas22January 14, 2016 Inventory management requires constant attention and is incredibly important to your business’s success. Yet, even the most successful ecommerce businesses still run into problems every year. A very common problem is slow-moving and excess inventory. This usually occurs at the beginning and of the year … Continue reading 14 Ways to Convert Slow-Moving and Excess Inventory into Cash
Improve Your Inventory Management To Improve Your Business [Infographic]
by Brian Wallace January 11, 2016 Follow @nowsourcingJanuary 11, 2016 Did you know Americans spend nearly $ 200k online every 20 seconds? Online sales are growing more and more every year, and chances are if you have an online retail business you could be doing things better. Customers often complain they aren’t getting what they … Continue reading Improve Your Inventory Management To Improve Your Business [Infographic]
Physical vs Perpetual Inventory
by Brian Stupp December 17, 2015 Follow @IOUFinancialDecember 17, 2015 Companies, especially merchandisers and manufacturers, use much of their working capital to obtain or produce merchandise. The decision of how to manage and account for inventoried goods can have profound effects on your cost of operations, the accuracy of your accounting data and your tax … Continue reading Physical vs Perpetual Inventory
The Top 5 Ways Manual Inventory Tracking Fails
by Paul Trujillo November 21, 2015 Follow @TruPaultxNovember 21, 2015 Although 47% of small and medium-sized businesses (SMBs) are gaining more confidence in the state of the economy, two daunting challenges business owners still face are revenue growth and profitability. Sure, increased sales and improved customer relations are a big part of that equation. The … Continue reading The Top 5 Ways Manual Inventory Tracking Fails
Show Your Inventory Who’s Boss: How Centralized Inventory Management Streamlines Multichannel Operations
Kim OwensJuly 6, 2015 Even for major retail conglomerates, cost of stock is a major factor when it comes to efficient capital management. For an independent retailer, lean inventory levels are even more critical. For example, if your business is holding more than $ 50,000 in stock, your potential cost of capital could equal 10%, … Continue reading Show Your Inventory Who’s Boss: How Centralized Inventory Management Streamlines Multichannel Operations
Dropshipping Due Diligence: 7 Steps to Outsourcing Inventory and Shipping Without Damaging Your Brand
Nate KristyJuly 5, 2015 The beauty of dropshipping is that it lets you sell products online with very little investment or risk. For businesses looking to expand their offerings on their current storefront, open a new store or simply test new products outside of those currently handled by their logistics provider or warehouse, adding a … Continue reading Dropshipping Due Diligence: 7 Steps to Outsourcing Inventory and Shipping Without Damaging Your Brand
Keep Track of Your Precious Cargo: Tips for Inventory Management
Business.comFebruary 22, 2015 Accurately managing inventory is an important function for a small business to ensure that the products customers want are available when they want them, and to provide the level of service that makes customers want to buy again. But, carrying inventory presents costs, and ties up cash you might want to invest … Continue reading Keep Track of Your Precious Cargo: Tips for Inventory Management
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