The Technology Blog
The Technology Blog
Why Regular Inventory Audits Are a Business Lifeline Imagine this a customer places an urgent order, your system shows the item in stock, but when your team goes to pick it, it’s not there. Frustrating, isn’t it? Situations like this are exactly why inventory audits matter. Stock discrepancies aren’t just annoying—they cost time, trust, and Read More
Managing inventory effectively is the backbone of a healthy supply chain. If you have hundreds or thousands of SKUs, treating each item the same can lead to inefficiency. Try ABC analysis. It’s a simple way to classify inventory. This method helps you focus on what matters most. This article explains ABC analysis. We’ll see how Read More
Why Cycle Counting Is Your Secret Weapon for Inventory Accuracy Have you ever looked at your inventory software and thought, “There’s no way those numbers are right”? Maybe your team keeps running into backorders, or perhaps customers complain about delays even when your system says the item’s in stock. That’s where cycle counting comes in—a Read More
Why Inventory Turnover Is the Pulse of Your Business Ever wondered how efficiently your products are moving off the shelves—or if they’re moving at all? No matter if you run a retail shop, manage a warehouse, or fill online orders, knowing how often your stock sells and gets restocked is key. That’s where the inventory Read More
FIFO and LIFO Made Simple Have you ever wondered how companies decide the value of their inventory—and how that affects profits and taxes? If you manage stock or deal with business numbers, you may know FIFO (First In, First Out) and LIFO (Last In, First Out). These methods might seem like confusing accounting terms, but Read More
Inventory is money sitting on shelves. If not managed wisely, it can slowly chip away at your profitability. Many businesses spend thousands on inventory holding costs. This includes storage fees, insurance, spoilage, and obsolescence. These costs add up quietly but heavily impact your bottom line. In this guide, we’ll help you lower inventory holding costs Read More
Tackling the Hidden Costs of Inventory Shrinkage You’ve probably been there — your reports say you should have 500 units of a product, but you only count 480. Those missing 20 units might look small, but they add up. Across all your SKUs, that can lead to a big financial leak. That’s inventory shrinkage, and Read More
The Bridge Between Inventory and E-commerce In today’s fast-paced online retail world, your business can’t afford inventory mishaps. Imagine a customer orders your bestselling product online, only for you to realise it’s out of stock. The result? A lost sale, a frustrated customer, and a dent in your brand’s credibility. This is where inventory integration Read More
Is Your Inventory Paying You Back? Every product sitting in your storeroom or warehouse is more than just a box—it’s capital. And the longer it sits, the more it costs you. You’ve already spent money to stock it. The real question is: Is it making you enough money back? That’s where GMROI, or Gross Margin Read More