Inventory Shrinkage: Preventing Loss and Theft by Managing Inventory

What is Shrinkage? Inventory shrinkage means the number of products in stock falls below the number indicated on the inventory list. The discrepancy could be caused by clerical errors, damaged or lost products, or theft from the point of purchase to the point of sale. What are the Main Causes of Inventory Shrinkage? There areContinue reading “Inventory Shrinkage: Preventing Loss and Theft by Managing Inventory”

Inventory Management: Achieving Inventory Visibility

What is Inventory Visibility? First, what is meant by inventory visibility? Most businesses are more concerned with quantities and products and don’t pay much attention to where the products are located. The number of locations in businesses varies based on how small or big the business or the operations are. Even little bins and drawers,Continue reading “Inventory Management: Achieving Inventory Visibility”

Simplifying Inventory Management for Municipalities and Other Government Agencies

Municipalities are one of the busiest organizations. Unlike manufacturing and warehousing, this organization has different departments with numerous people needing supplies and peripherals to perform their jobs. The police stations, fire stations, and health units are some of those departments that need different types of supplies and equipment. Manual operations frequently result in misplaced orContinue reading “Simplifying Inventory Management for Municipalities and Other Government Agencies”

Optimizing Evidence Room

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”

Managing the Inventory for Search and Rescue Supplies and Equipment

Rescue workers and emergency responders are the first to arrive on the scene after a disaster, often in unfamiliar surroundings and in inclement weather, ready to save lives and secure the environment to help protect the lives of those who come after them. Around piles of rubble, other debris, or collapsed structures, rescue workers andContinue reading “Managing the Inventory for Search and Rescue Supplies and Equipment”

IT Asset and Inventory Management

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”

Inventory in the Field

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”

Hospital Inventory in Time of Pandemic

The healthcare industry has constantly been receiving a high volume of patients since COVID-19 began. On the peak of the virus’s spread, hospitals had shortages in almost all aspects: inventory, rooms, and staff. When several countries started vaccinating their citizens, COVID patients started to decline. Everyone thought the pandemic was finally about to end, however,Continue reading “Hospital Inventory in Time of Pandemic”

Managing a Construction Site Inventory

There are multiple departments in a construction project and the thing that connects all of them is ensuring the materials are purchased, delivered, and properly managed all the time to avoid delays. When the business grows and gets multiple projects simultaneously, managing materials can be cumbersome. Scheduling both orders and the reception of materials canContinue reading “Managing a Construction Site Inventory”

General Store Inventory Management Problems and Solutions

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”