Inventory Management Software Articles

Third-party logistics is about getting your products to customers using a third-party to complete fulfillment. Here are three specific types of 3PL providers.

SKUs are bar codes labeled on the packaging that contain critical product information for retailers. Here are three use cases to highlight the importance of SKUs.

A perpetual inventory system tracks inventory on a continual basis and updates automatically. Here are the pros and cons of using a perpetual inventory system.

When it comes to operational optimization, understanding your inventory can lead to improved inventory control. Here we outline the seven types of inventories.

Days inventory outstanding (DIO) is a metric that tells you how fast your business turns over inventory. Learn how to calculate DIO to improve performance.

Lead time is the time it takes to make, sell, and deliver your product. Learn how to perfect your lead time to keep your customers coming back for more.

Sometimes you run into a product that doesn't sell and it turns into dead stock in your inventory. Here are five strategies to mitigate it in your business.

Backorders are common in e-commerce businesses and you should have an inventory strategy in place to handle it. Here are the pros and cons of having backorders.

Lean manufacturing is designed to eliminate waste and improve production efficiency. Here are three ways to implement lean manufacturing in your business.

A bill of materials (BOM) specifies the raw materials, parts, and costs needed to manufacture your product. Here are six essential items to include in your BOM.

During the holiday season, inventory management is a critical issue and you need to be well prepared. Here are some helpful tips to plan for holiday inventory.

A minimum order quantity (MOQ) is the least amount of inventory you can purchase from a supplier. Learn how to create a custom MOQ that works for your business.

An ABC analysis allows you to start prioritizing which products should get the most attention. Learn how to perform one to make better inventory decisions.

The economic order quantity (EOQ) model ensures the company has enough inventory to meet demand. Learn how to calculate costs with the EOQ formula.

A warehousing system can manage your product inventory to ensure orders get fulfilled. Here are three ways warehousing can help you successfully manage inventory.

Inventory shrinkage is a discrepancy between what’s on the factory floor and what’s in your accounting records. Here's how you can prevent it in your business.

Demand forecasting estimates the amount of products to be purchased in the foreseeable future. Here we outline how to incorporate it into your small business.

Finding the right order-picking method can increase the efficiency of warehouse operations. Here are five techniques that will improve warehouse management.

Warehouse maintenance refers to keeping the facility storing your products in functioning condition. Here we detail seven best practices to improve maintenance.

Businesses that do product bundling increase the average value of sales and move inventory. Here are four benefits of product bundling and some helpful tips.

Managing your inventory is essential to keep up with the consumer demand for your product. Here we outline the benefits of successfully managing your inventory.

Manufacturers should always have safety stock to handle surges of orders. This guide defines what safety stock is and how to calculate how much your business needs.

Job order costing refers to pricing products for each customer order to determine profitability. Learn how it can have a direct impact on your bottom line.

Good inventory management allows you to manage stock and track products as they move across the business. Here are four types of inventory management systems.

The amount of money your business spends to keep products in stock is known as your inventory carrying cost. Learn how to calculate and reduce carrying costs.