How to Win at Finished Goods Inventory Management
Finished goods inventory management: A complete guide
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Logistics and supply chain management
WHAT EXACTLY ARE LOGISTICS? Logistics involve all the elements that go into managing the movement of goods, people, processes, and related activities. In relation to supply chain management, logistics involve controlling the movement of raw materials and finished goods from origin to endpoint, and the systems, equipment, vehicles, and personnel used along the way.   […]

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Importance of inventory management
Over the past 15+ years it has been surprising the responses we have received from small-business owners when they are asked about the importance of inventory management for their businesses. Some really get it, but others do not seem to realize just how many dollars are falling through their fingers. Can you imagine trying to […]

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Manufacturing MRP software
There’s a lot to monitor when running a manufacturing company. One of the answers to how to manage a factory effectively is with help from MRP systems. MRP stands for Material Requirements Planning. An MRP is essentially a manufacturing ERP or Enterprise Resource Planning solution, which contains accounting, inventory management, CRM, e-commerce, sales, and human resource capabilities. […]

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How to hire the perfect warehouse manager
What should you look for when hiring a warehouse manager? Beyond the necessary technical skills and training they should obviously have, candidates for the position of warehouse manager should possess these five character traits: Technologically sophisticated, meticulous, authoritative, organized, and calm under pressure. Why are these traits so important in this type of worker? We […]

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Benefits of using inventory programs
Inventory program key success Instead of using an ad-hoc inventory management system, you should seriously consider switching to an advanced inventory program. There are many advantages of using an established inventory program rather than trying to create one on your own. Here are three of the biggest reasons: 1. SPEED UP INVENTORY MANAGEMENT Most inventory […]

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Effective Inventory Management: SMB Inventory Management Guide
At its core, inventory management is about ensuring businesses have just enough stock to meet demand. It’s a careful balancing act of avoiding overstocking, which ties up capital and prevents stockouts, which leads to lost sales. But there’s quite a bit more to it than this. Companies have to grapple with many challenges, like space […]

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Understanding lot and serial numbers when tracking products
If you’re not familiar with inventory management, or you’re just getting started, there are different types of identification numbers you must learn. Most consumers assume these numbers are randomly assigned, but they actually help the manufacturer and company to identify when and how a product was produced. Lot numbers and serial numbers are identification components used […]

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Manufacturing inventory management software
Manufacturing inventory management software is an important tool that manufacturers can use to save money and operate more efficiently. You can instantly create many types of bills of materials, work orders, manufacture orders, and more to help you streamline the manufacturing process. With manufacturing inventory software, like Fishbowl, you can monitor inventory levels in real […]

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Types of inventory management
Choosing a method by which you will manage all of the various items and parts in your inventory is a very important decision that every small to midsize business owner has to make. And it will determine a lot about how your business operates. Whatever type of inventory management you choose, it is important to […]

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Pre-order process guide
Creating a pre-order process: pros, cons, and tips Managing inventory for retail is a complex task. Forecasting demand, adjusting to match changing market conditions, and fulfilling orders efficiently presents plenty of business challenges and costs. This can make the pre-order process seem prohibitively complex and risky — on the other hand, plenty of businesses reap […]

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What is markup percentage?
Calculating a product’s markup percentage has a direct impact on your bottom line. Adjusting the markup percentage over time may be necessary in order for your company to continue to generate a healthy profit and cover indirect costs, overhead expenses, and other necessary expenses. To “markup” the cost of a good means to add a […]

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What are finished goods and products?
There are many factors that go into a business, for example product cost, production rate, employees management, etc.. In order for a business that produces and sells a product to be successful, business owners need to be aware of the multitude of elements that lead to profit. One of the factors that product-based businesses need […]

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Inventory accuracy software
Having accurate inventory data is absolutely essential to running a healthy business. And the only way to have accurate inventory data is to maintain accurate inventory records. You can try to do this manually, but you’ll find that papers and other notes can easily be lost and they can also be entered incorrectly or even […]

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Office inventory software
A successful office, regardless of its size, product line, or even customer base, relies on the effective use of a limited number of resources. Your employees, projects, supplies, equipment, and other assets are just a few of these resources that you need to keep a close eye on. With only so many hours in the […]

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Chemical Inventory Software
When working with chemicals, it is absolutely essential that you have the right tools, equipment, and safety gear to keep your employees safe and help them to do their jobs correctly. Chemicals can be benign or dangerous, and mixing them together can create all sorts of reactions. So it is essential that you know the […]

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Excess inventory & overstock reduction tips
How to get rid of excess inventory: Tips and considerations For many businesses, determining how much of their product to stock is one of the first and most difficult challenges to address. Further exacerbating the difficulty of this task is the fact that determining how much product to stock will vary over time, based on […]

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