Two years ago, Lakes Region EMS in Minnesota typically carried 73 percent more inventory than it needed. And Smilebuilderz, a large dental, ...
It’s a delicate balancing act—order too little, and you’ll face stockouts and frustrated customers. Order too much, and you tie up valuable cash in excess inventory, weighing down your operations with burdensome carrying costs.
RFID, or radiofrequency identification, uses information electronically stored in smart barcodes to track and identify inventory items. When used along ...
By automating inventory audits with QR code scans or weight sensors, you streamline operations and reduce your reliance on manual counts and spreadsheets, leading to greatly reduced labor costs. The improved accuracy and efficiency of automation also supports better decision-making and increases overall customer satisfaction, contributing to increased revenue.
Effective inventory management is the backbone of any successful distribution company. It involves more than keeping stock in a warehouse; it’s about having the right items in the right quantities at the right locations.
Summary: A definitive guide to defining Min/Maxes and how to calculate them. Learn how modern VMI apps that track usage can optimize your min/max levels and decrease costs.
For most distributors, growing wallet share among existing customers is a consistent goal – and a constant struggle. But with automated ...
Consigned inventory has the potential to be a very profitable investment. The benefits of consignment inventory include convenient, reliable goods for customers and steady profits for distributors. Below, we discuss consignment inventory best practices and common mistakes....
Contractors who have a significant percentage of their business riding on service trucks are closely familiar with the inventory and record-keeping challenges such mobile offices can present.
