Inventory Management for Small Business – 5 Helpful Tips

June 12, 2017

Inventory management is a challenge for any small business. Inventory equals cash and that cash is only accessible when the inventory is sold. The longer the cash is tied up as inventory the less work it is doing for your business. Furthermore, as inventory ages the likelihood of loss, damage and obsolescence increases, along with holding costs and working capital costs. Read more

10 Questions: How Effective is Your Inventory Management?

December 1, 2016

Inventory is a necessity in many businesses to enable service performance, but it is also one of the most significant investments many businesses make. Consequently, inventory must be managed effectively. Here we pose 10 questions that you should ask to determine how effective your inventory management really is. Read more

The Basics of Inventory Management Explained

November 28, 2016

In this article we look at the basic requirements of an effective inventory management policy, applicable to many situations within both retail and manufacturing. We guide you through why inventory is needed, how to use inventory to protect against unknown supply chain factors, how much inventory to hold and how to reduce inventory costs. Read more

10 Qualities to Look for in Stock Control Systems

July 8, 2016

Supply chains are, by their very nature, dynamic and volatile. This means that managing the warehousing and distribution aspect of a supply chain is a process that requires diligent oversight and attention to stay on top of the ever-changing status of your company’s inventory. Read more

3 Key Factors for Effective Inventory Management

May 17, 2016

The purpose of inventory, and effective inventory management, is to protect supply. Inventory should be positioned to protect supply and service when the source of supply is not synchronised with a products demand. For most businesses, supply and demand are not synchronised and are never likely to be. Read more