Inventory Management

Post 11 to 20 of 36

Reorder Point Formula: The Secret to Inventory Management

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Order too much product and you’re stuck with unsold inventory that’s tying up cash. Order too little and you may lose customers due to being out of stock. How does one solve this common conundrum?   Instead of guessing when it’s the… View More

How to Combat Inventory Shrinkage (Inventory Loss) In Your Business

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Inventory shrinkage is a problem today for any business that stores products in a warehouse. Ignore the problem and it could cost your business thousands of dollars a year. Or you could lose customers to a competitor because you’re out of stock due to inventory… View More

How to Use The Safety Stock Formula To Win Customer Loyalty

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Safety stock is an essential component of any successful inventory management plan. Without it, you run the risk of losing a new customer to a competitor or disappointing a current customer by not being able to fulfill their order. Some customers are unwilling to wait out a… View More

How to Choose the Right Type of Inventory Control System

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Strong inventory control is the cornerstone of any successful wholesale distribution business. As your business grows, it becomes more and more challenging to deploy inventory controls. But, this necessary practice is well worth it as it will have far-reaching effects on the… View More

7 Questions to Ask When Selecting Inventory Management Software

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Are you thinking about starting a wholesale distribution business? Or perhaps you already have and you’re outgrowing the Excel spreadsheets you’re using to track inventory. Either way, the number of choices you have in software can be… View More

The Importance of Cycle Inventory & Cycle Stock In Wholesale Distribution

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Managing inventory is a complex challenge that must be mastered, especially as a wholesale distributor.   For this reason, you need to understand the different types of inventory management practices. Since there isn’t a… View More

CBD Wholesale: Are You Prepared for Explosive Growth?

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Expected to reach 22 billion by 2022, the CBD market is booming. As a result, CBD (Cannabidiol)—the non psychoactive compound in Cannabis—stores and products are practically everywhere, aiming to help it’s users deal with a wide variety of health… View More

Types of Inventory Management

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The world’s most efficient wholesale distributors utilize cloud-based software to help them manage their inventory. Without it, your business will likely not survive in this highly competitive market.   Today’s B2B buyers want the… View More

The Importance of Inventory Management for Small Business

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Just as you need balance in your life, so too do you need to create the right balance of inventory in your warehouse.   Why is inventory management important?   If you have too much or too… View More

6 Lean Inventory Management Best Practices For Wholesalers

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As you continue to seek growth as a wholesale distributor, one of the best ways to scale successfully is to implement lean inventory management practices. Such practices can lift your profitability, improve inventory turns and lend to financial stability, all factors that will… View More

 

 

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