Inventory Management: Tracking Expiration Dates

Why do you track inventory expiration dates? That is either because your business might be run by a regulatory agency that forces you to monitor inventory expiration dates, or it is just for inventory management when you want to sell the oldest inventory first before you sell the new ones. Tracking inventory alone is alreadyContinue reading “Inventory Management: Tracking Expiration Dates”

Top 5 Challenges of Inventory Visibility

When your inventory is hard to find or identify in the warehouse, it results in incomplete, inaccurate, or even delayed products or service fulfillment. Receiving and finding the right stock is vital to efficient inventory management and great customer experiences. Inventory visibility seems simple in meaning. It means knowing what you have on hand andContinue reading “Top 5 Challenges of Inventory Visibility”

Managing Commercial Staging Inventory

Now that almost everything is starting to go back to normal after the pandemic slowed down, the offices that implemented the work-at-home setup are now going back to their workplace. Those who gave up their offices entirely during the pandemic have started to look for spaces again. This gives business opportunities to Staging companies especiallyContinue reading “Managing Commercial Staging Inventory”

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”

Why is Inventory Management Important for a Pharmacy?

What is inventory in pharmacy? Inventory is the biggest asset of any pharmacy. Pharmacy inventory refers to the contents of medicine containers and all prescription drugs. How you handle pharmacy inventory decides whether you maximize revenue or yield losses. Pharmacy inventory management is the life of business operations. Unopened, partially opened, in processed drugs areContinue reading “Why is Inventory Management Important for a Pharmacy?”

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”