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 …
Posts Tagged ‘Inventory’
Supply Chain Case Study: Chadwell Supply Increases Sales by 28% and Maintains Leading Fill Rates with Minimal Inventory Investment
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 …
Frozen Capital Part 2: Preventing Excess Stock
In Part 1 of our 2 part collaboration “How frozen is your capital,” we explained how your cash flow can become frozen in the form of excess stock and we provided some suggestions on what to do to get your cash flow moving again. These suggestions merely treated the symptoms, and we indicated that to …
How frozen is your capital?
As always, cash is king. In today's volatile economy, companies need to take a serious hard look at their working capital and where it is sitting in the business. Just how much of your capital is frozen in an iceberg of inventory? And how much of that can you turn into liquid cash? Over 90% …
How Much Cash is Locked in Your Warehouse?
Manufacturing, distribution and retail businesses know that their inventory is a key asset on their books. Figuring out how to make that inventory as profitable as possible is key to growing the business. But so many of these businesses rely on outdated tools to manage their inventory, and that’s hurting their profits. So what’s the …
The Two Sides of Inventory Management
If you're in a business that manages inventory, you know there are numerous daily tasks that must be handled to keep things operating smoothly. Often, the first tasks that inventory managers think about relate to items on hand -- location, physical counts, and so on. In reality, this only the first half of inventory management. …
Avoid Overstock or Out of Stock with ERP Inventory Control for Your Distribution Business
Anyone who has a wholesale distribution business knows how important inventory control is. Oversight of your stock on hand is crucial if you are to meet your goals and fulfill customer demands. Knowing what you have and where you have it can be a challenge when inventory is continually entering and exiting your warehouse. But …
6 Reasons Distributors Should Use Inventory Management in Dynamics GP
Inventory control is vital to the survival of a distribution company business. If you don’t have a good inventory management system you can never truly account for how your business is doing. Here are six ways Microsoft Dynamics GP can help: Dynamics GP can track lot numbers and serial numbers of the products in your …
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