News and Posts
The True Costs and Hidden Expenses of Bad Inventory Management
Though it may seem counterintuitive, too much inventory isn’t good. In fact, the costs of bad inventory can be steep for a…
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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.
Generating an Inventory Asset Valuation report
Tax time is right around the corner, and we have been fielding many questions how to generate an inventory asset valuation report. To get an asset valuation report, please follow the steps below: 1. Goto the ‘Reports’ section and click on any “Stock value by …” report 2. Type in the ending date in the…
Generating an Inventory Asset Valuation Report
rIt’s never too early to start thinking about tax season. The sooner you get ahead of your inventory accounting processes, the easier your month-end, quarter-end and year-end accounting becomes. We’ve been fielding many questions on inventory asset valuation reports and why this information is so valuable. Let’s answer some of them and show you how to generate an…
How the Logistics Industry Prepares for the Holiday Season
For years, the winter holiday season, which stretches from Thanksgiving to the end of the year, has been the busiest time of year for retailers, warehouses and shippers. Increased demand for products means that stores and fulfillment centers need to ensure enough stock to successfully fulfill orders. Increased demand for shipping means that companies need…
13 Expert eBay Inventory Management Tips
As an e-commerce retailer, you must sell on various online marketplaces to meet your audience wherever they shop. With this in mind,eBay is an important sales channel for any business. With 185 million active buyers,eBay is the perfect place to find new customersand sell to return customers. Of course, simply listing your products with this marketplace…
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…
What is the Difference between Lots and Serial Numbers?
Controlling your inventory — whether you have one facility or dozens — can be a daunting task. With hundreds and thousands of products entering and exiting your site each day, how do you keep track of everything? The best solution is to organize your merchandise via lot tracking and serial numbers to keep tabs on…
10 Reasons Why You Need Automated Inventory Management and Reporting
Inventory count accuracy was one of the top five priorities for distribution centers in 2019. To keep pace with the ever-tightening demand for accurate inventory counts, warehouses and retailers need automation. Automated inventory monitoring is more reliable than manual methods, and it frees up valuable time for small business owners and logistics managers. So, what is an automated inventory system?…
The Rising Issues in Inventory Management Today and 7 Tips to Stay Ahead of the Curve
As the world increasingly turns to online shopping and expects more from retailers, effective inventory management is crucial. The need to continuously improve operations is coming into sharper focus. Getting the right amount of merchandise to the right place at the right time requires a proactive approach. Inventory managers must develop best practices to avoid…
Why Does Inventory Management Matter?
If you’ve ever ordered something only to receive an out-of-stock notification a short while later, you probably already understand some of the reasons why inventory management is important. Organizing the items you have available to sell — plus the goods you need to produce your company’s products — will help you streamline your services and systems…