Physical inventory counting is a much unloved procedure in most merchandising and manufacturing businesses. The process ensures that the inventory on the company's financial books matches the amount ...
Anne Embrey, vice president of fulfillment operations for Replacements Ltd., said her company maintains too much aged inventory with about 4% of orders being categorized as ‘problem’ orders. Embrey ...
Avoiding excessive inventory carrying costs requires maintaining accurate inventory records. One of the most efficient ways to maintain that accuracy is by ...
For those of you who still shut down your facility once or twice a year to review inventory, I have to ask why. With cycle counting, there is no need for such disruption. The best way to ensure ...
Ever wonder how a large, big box retailer keeps their inventory straight. If you’re like many small retailers, taking a full physical inventory can be a painful process. How does a retailer on a much ...
Proper inventory management is a key concept for most small businesses. If you do not have accurate inventory totals, you will have a much harder time replenishing stock, preventing spoilage, selling ...
Businesses that struggle with inaccurate inventory data, large year-end adjustments of physical inventory results, or a lengthy annual physical inventory process should consider adopting a cycle ...