7 Reasons to Move Away from Spreadsheets to Manage Inventory
It’s easy to get attached to your current inventory management systems. After all, chances are, they have worked for your business for several years. You may worry about the learning curve of moving away from spreadsheets as well as the potential expenses associated with moving to a comprehensive inventory management system. However, spreadsheets may not […]
How To Build the Right Inventory Management System
When you start looking into the best strategies for building an inventory management system for your business, you don’t just want a generic system that looks like anyone else’s. Instead, you want an inventory management system that takes the unique needs of your business and your supply chain into consideration. Look at the elements you […]
Benefits of an ABC Analysis in Inventory Management
As you manage the inventory for your business, there are several strategies you may use to help enhance your understanding of the inventory you need to have on hand and how to best manage your overall inventory needs, from seasonal changes in inventory to the regular stock you need to keep on hand for your […]
Seasonality and Supply Chain Management: A Memoir
Many people expect supply chain issues during the winter holidays. However, supply chain issues may vary by season–and there may be more of them than you expect. Not only have more people and businesses than ever become aware of potential supply chain challenges throughout 2021, when Covid-related disruptions have caused challenges across the globe, there […]
What is Amazon FBA and How Does it Work?
Amazon FBA, or Fulfillment by Amazon, is a service offered by Amazon that allows you to sell your items through Amazon’s online platform and allows Amazon to manage much of the inventory associated with the process. By using Amazon FBA, many businesses have been able to grow their customer base and their sales, which can […]
Understanding and Combating Retail Shrinkage
Combating retail shrinkage is an ongoing challenge for many businesses. If you manage inventory, you know that shrinkage can occur for a variety of reasons–and that managing it is a critical part of protecting your profits. Fortunately, StockIQ can help combat many of the challenges associated with retail shrinkage and make it easier for you […]
The Overview: Infor ERP and Inventory-Based Enterprises
Recently, we’ve been covering some of the leading ERP solutions for inventory-based businesses. So far, we’ve looked at solutions like Dynamics 365, NetSuite, SAP, and Epicor, which are all industry-leading solutions with massive market share. Continuing this trend, we’re discussing a unique solution today: Infor. While Infor doesn’t necessarily have the same market share as […]
Epicor and Inventory-Based Enterprises, Part Two
This post is a continuation of Epicor and its relationship to inventory-based enterprises. Please see part one, which covers Epicor basics and demand planning. Epicor Inventory & Operational Analytics Inventory Optimization & Control This is the bulk of what most of you are here to read about. Retail businesses alone shed over $1 trillion in […]
The Overview: Epicor and Inventory-Based Enterprises
Inventory management — which involves end-to-end visibility across inventory, facilities, and transportation — is the single most critical component of the supply chain for inventory-based businesses. Yet, despite almost every supply chain manager practicing inventory management strategies, inventory-based businesses are still losing trillions of dollars due to stock-outs and overstock annually. Something isn’t working. Those […]
Inventory Planning with NetSuite
Over the last few years, supply chain management — and inventory planning by association — have undergone significant structural, procedural, and philosophical changes. Many businesses are abandoning traditional models and processes in favor of tech-driven solutions drenched in agility, flexibility, and data. As a result, old-school inventory management processes (e.g., manual counts, ad-hoc picking systems, […]
