Tag Archives: Inventory

6 Important Inventory KPIs That Can Make or Break Your Warehouse

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

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]

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

Why Inventory Tracking Software Is a Critical Investment

Brian SutterSeptember 14, 2015 Running a small business often means making tough decisions about how to spend and where to invest your limited capital. From inventory shrinkage to supply and forecasting challenges, an effective inventory tracking system and software is a critical company investment. If you don’t track your inventory, you have no way of preventing … Continue reading Why Inventory Tracking Software Is a Critical Investment

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