Excess stock is part of running any business that carries inventory. Demands can change quickly, bulk pricing is tempting, supplier minimums can be tricky and there is room for human error when forecasting stock manually. Understanding how the inventory ended up in excess is key to mitigating future occurrences. But since excess stock is almost …
Improving the Processes around Excess Stock – When Less Is More Read More »
Is it the processes you put in place? Is it the software you implement? Sure, the processes in place define the parameters for your management to work within. And the software you choose is imperative to how your inventory data is analyzed, aligned to goals, and presented for action. When done correctly, both can make …
Inventory Management, Is It the People, Process or Tools? Read More »
Time and time again, people ask what differentiates high performing distributors from the rest of the pack. What’s the secret? What’s key in maintaining a lean, efficient inventory and high customer service levels? Is it the processes that I put in place? Is it the software I implement? Inventory is the lifeblood for distributors. Maintaining …
Five of the Top 10 Inventory Practices of High Performing Distributors Read More »
Join StockIQ on June 22nd at 12:00 PM EDT as we host The Perfect Storm Causing Global Supply Chain Disruption. The virtual event will focus on series of events that have led to Supply Disruptions. There will be open dialogue about what others have experienced and a discussion of solutions and workarounds being deployed. SPEAKERS: Jeffrey …
Webinar – The Perfect Storm Causing Global Supply Chain Disruption Read More »
International and Domestic Supply issues are dominating the headlines, wreaking havoc on distributors and manufacturing service levels. StockIQ’s clients had voiced concern over their supply disruption and wanted to hear what their peers were experiencing, and any workarounds being deployed. StockIQ held IQ Live - The Perfect Storm Causing Global Supply Chain Disruption presented by …
The Perfect Storm Causing Global Supply Chain Disruption Read More »
Small to medium businesses report the top three (3) inventory concerns: 21% spend too much time reordering 37% say too much capital is tied up in inventory 42% report stock-outs as top concerns StockIQ inventory management software helps: Automate reordering to save time. All data for purchasing at your fingertips. Identify dead stock to decide …
The greatest challenge faced by businesses with physical goods on hand, is stock and inventory management. While entities may tie up staggering amounts of capital in inventory, most still fail to track their merchandise or still leverage conventional manual approaches. This could lead to setbacks that increase wastage and lower your profits. Any viable and …
You know the saying…be careful what you wish for? Remember the days you wish you had more data? And now that supply chain is digital, you actually have too much of it. Now, you just wish you had a better way to control, consolidate, share, and use in a profitable way. That’s the competitive advantage …
7 Ways Dashboards Are Changing the Game for Distributors and Manufacturers Read More »
Founded in 2007, Chadwell Supply is a family-owned business recognized as the best MRO service provider in the multi-family industry. The organization has grown to manage nearly 100,000 branch item SKUs across 14 branch locations and offers customers in 20 states the #1 fill rate in the industry. “We can now test the impact of …
Does your business constantly fight stock-out and surplus? Stock-outs are one of the biggest threats to businesses. In fact, 42% of small to medium businesses report stock-outs as being their top inventory management concern. While one or two lost sales due to stock-outs may not be a huge concern, a lost customer has major consequences …
