inventory

Post 1 to 10 of 28

Dead Stock Inventory: How to Avoid This Business Cost

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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

Excess Inventory: What To Do With It & How to Avoid It

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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

Inventory Costing Methods For Wholesale Distributors

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Inventory costing is an accounting-based strategy for assigning value to your inventory. This is important for wholesale distributors as inventory costing helps ensure that your business is and remains profitable.   By… View More

How to Use Wholesale Minimum Order Quantity (MOQ) To Grow Profits

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One way to increase your AOV (Average Order Volume) as a wholesale distributor is to require a MOQ (Minimum Order Quantity) for certain products.   In this post, we’ll cover how you can bring in additional revenue from your current customers by bringing up… View More

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 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

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