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5 Ways to Improve Inefficient Inventory Management

By Finale Inventory / June 23, 2022

As businesses look for improvements in their companies, they should consider assessing their inventory management systems. Any kind of inefficiency can negatively…

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Leveraging Reorder Points to Maintain Stock Levels

Best Practices: Leveraging Reorder Points to Maintain Stock Levels It doesn’t matter if you’re a small start-up e-commerce business or a multi-warehouse giant, leveraging reorder points to maintain stock levels will have a positive effect on your day-to-day operations and help ensure that you capture every sale you can. Even before my previous e-commerce business was mature enough to justify an inventory…

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Selling CBD Online: A Quick Guide

The hemp compound CBD receives a lot of attention in today’s market. CBD oil and other wellness products containing CBD have rising popularity in consumers looking for natural health remedies. If you want to tap into this emerging market, you need to do your research. This guide will give you an overview of the online…

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best order picking methods for warehouse

The Best Order Picking Methods for Your Warehouse

Order picking has a critical role to play in your warehouse operations. It impacts your efficiency, accuracy and customer satisfaction, and you can amplify your business by finding the right method.

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How to track lot ID numbers

What Is Lot Number Tracking Software?

Modern inventory tracking technology allows businesses to monitor many types of information, including lot numbers. Lot numbers refer to groups of products to help you determine an item’s source. Lot ID tracking software like Finale Inventory enables you to manage lot numbers to increase your company’s efficiency. Learn more about lot numbers and how you can…

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Benefits of Cloud-Based Inventory Management

Benefits of Cloud-Based Inventory Management

One of the most important parts of managing multiple warehouses and distribution centers is maintaining an up-to-date inventory management system. Keeping track of a business’s inventory is now easier than ever with advancing inventory management technology — particularly cloud-based warehouse management software.  Especially with the prevalence of eCommerce as a primary means of getting goods…

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What is EDI and Why is it Important

What Is EDI and Why Is It Important?

Electronic data interchange (EDI) is a staple in the business world, providing a quick and secure method for document transfer. Of all electronic business transactions, those facilitated by EDI processes total over 20 billion transactions per year. Over 60% of businesses across the United States already use EDI in their daily operations, benefitting from the cost savings, speed and…

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Benefits of Using Cloud Inventory Management Software

Inventory management is a vital process that allows you to keep track of your stock. It helps you know what you need, what’s selling and the amount of money you’re likely to receive from your sales. It also helps know when you should order new stock and how to minimize the cost of keeping your…

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Ways to Pick and Ship Orders Faster

Order picking is a necessity in any large warehouse, and improving its process is essential for customer satisfaction. The order-picking process serves as the last touchpoint between you and your customers before your product travels to its destination. To remain competitive in your market, you must constantly strive to ship your customers’ orders faster while ensuring…

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Guide to Minimizing Inventory Overstocks and Understocks

Guide to Minimizing Inventory Overstocks and Understocks

Knowing how much of a product you need to have stocked might seem like a skill that only the most successful companies know intuitively, but it’s a skill you can learn. As you figure out how to prevent inventory understocks and overstocks, you should follow a few guidelines and employ technology to fine-tune your inventory…

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Knitting can Improve Customer Satisfaction and Cut Some Costs

Kitting Can Improve Customer Satisfaction and Cut Some Costs

For companies that sell multiple products, kitting can be one of the best additions to your sales efforts. With kitting in place, you can move more products off of the shelves and into customers’ hands, increasing the volume of your sales and positively impacting your bottom line. What Is Kitting? Kitting is when different items…

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