For any business that sells goods, inventory forecasting is a critical tool in your inventory management arsenal. However, it’s not only important for helping you manage stock levels, it’s also key for planning your warehouse layout since you’ll want to make it easy to… View More

Even well-run wholesale distribution businesses can’t avoid dead stock. However, with the right inventory management tools and marketing campaigns, you can minimize dead stock, reducing the cost to your business annually.   Because dead inventory… View More

No matter how successful you are at inventory management, at some point you’ll likely experience an excess of stock. Not only are there ways to prevent it, but there are several routes you can take to get rid of it.   In this post, we’ll… View More

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

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

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

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

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

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

While strategy is required to point your entire company in the same direction when it comes to achieving your long-term goals, equally important is the technology that helps get you there.   Just as there are a number of common strategic goals that… View More