The way we handle inventory is determined by the inventory kinds we have. When we think of inventory management, we normally think of direct inventory, which are raw materials for manufacturing, and retail or wholesale, which are direct inventory purchases that are shelved to be sold. What is spare parts inventory? Spare parts inventory refersContinue reading “Managing Trunk Stock and Maintenance Spare Parts Inventory”
As consumers, we are always concerned about the dairy, meat, and other foods we consume. Our focus is to take care of their storage and quality. The companies that make these items, like us, take efforts to ensure the safety of such commodities. The difference is that when it comes to the manufacture and storageContinue reading “Inventory Visibility for Cold Storage Warehouses”
Evidence management is defined as the administration and control of evidence related to an event in order for it to be utilized to prove the circumstances of an event. Every piece of evidence should be preserved of its integrity before it may be utilized in court or tested by independent parties. Hence, every item inContinue reading “Optimizing Evidence Room”
What is IT Asset Management (ITAM) ITAM is also known as IT inventory management. It ensures the organization’s resources are used efficiently to support the needs of users and business functions. Its process involves gathering detailed hardware and software inventory data, which is then used to make purchasing and asset utilization decisions. Having an accurateContinue reading “IT Asset and Inventory Management”
Field operations often cover large geographical areas, they also have remote warehouses, and trunk or van stocks. This type of business requires a meticulous way of managing the inventory. With multiple locations and a variety of small and large products, manual tracking is beyond difficult. Field inventory is commonly associated with items that are alwaysContinue reading “Inventory in the Field”
In an industry where disorganized inventory greatly affects customer satisfaction directly, extra effort is required when managing said inventory. This is because things are moving so fast and there are various products and multiple locations to manage. Having accurate data can greatly aid in efficient decision-making. Streamlined inventory management captures enough information to minimize expensesContinue reading “General Store Inventory Management Problems and Solutions”
Almost every business out there has some kind of inventory, it can be in the form of supplies, raw materials, and some business even consider human resource as inventory. There are businesses that would benefit more with an Inventory Management System (IMS), some examples would be a manufacturing business, retail stores, distribution business, and warehouses.Continue reading “5 Best Features to Look for in an Inventory Management System”
Hotel inventory can be divided into two categories which are primary and secondary inventory. Primary inventory is those rooms that generate the revenue. The Secondary inventory covers other important things not just the complimentary items for each room but also the supplies for restaurants, gift shops, and cleaning services.
Every customer has that one makeup store they keep coming back to. It’s usually because they would always find their favorite products there or they just simply love the décor or the employees. Imagine a store with hundreds or thousands of products available, how would they manage their inventory? The traditional way of managing inventoryContinue reading “Inventory Visualization for a Cosmetics Store”
Stuck between a Rock and a Hard Place. Read more of our “Distributor’s Dilemma” on Medium.