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Full of inventories in a warehouse

ABC Inventory Analysis: Simple Guide for Businesses

For those new to inventory management, it's common to feel overwhelmed. In this post, we'll provide beginners with valuable insights to make inventory management less daunting. ABC Inventory Analysis: Step-by-Step Step 1: Understanding the Background A company's products can be classified into "bestsellers&

Minimum Order Quantity signages on a wooden floor

Understanding Minimum Order Quantity (MOQ)

A fledgling business owner, A, is preparing for a sales business and is trying to start his real business by placing an order with a manufacturer. As he has not yet established a stable distribution channel, he plans to produce only a small amount of products and monitor the sales

An inventory manager checking quantities of inventories in a warehouse

Master Confusing Inventory Management Lingo - Part 2

In our previous series on how to “Master Confusing Inventory Management Lingo” (Part 1), we introduced some of the most commonly used yet misunderstood inventory management terminologies such as Safety Stock, Reserve Stock, and Inventory Maintenance Cost. If you find yourself asking, “How can I put better inventory management into

A young woman uses inventory management system to look for inventory in a warehouse.

Master Confusing Inventory Management Lingo - Part 1

Here are the definition of keywords that inventory managers must know!

An employee experiences an error while viewing real-time inventory data in Excel file.

Why Excel Fails at Inventory Management

It is not an understatement to say that product warehouse management lies at the heart of an efficient business model. While it may seem obvious, it is essential to manage your inventory for seamless operation. Hospitals, shopping malls, and fitness clubs are just a few of many businesses that directly

Inventory management can reduce inventory costs

Inventory Costs and Types Explained

The term “cost management” in inventory management signifies efforts to minimize the total cost involved in managing inventory without jeopardizing the supply chain. Many companies are facing theoretical challenges in reducing the total cost in inventory management when determining optimal production or order quantity. First, let’s explore the types

Well-organized warehouse view.

Warehouse Space Management Made Easy with Inventory Software

As the new year starts, people's social media are flooded with the classic January tagline "new year, new me", overlaid with pictures of healthy meals, exercise, or a clean house. Whether or not there's something magical about January, it's probably not a