Take Control of Your Inventory: A Step-by-Step Guide to Cycle Counts
Managing inventory is crucial for any successful business. However, it can be tough to handle effectively, especially since inventory management systems are always changing. Some studies suggest that nearly half of small businesses don’t keep track of their inventory. Among those that do, the majority 37% face challenges related to stock. This aligns with data […]
How Do Vision Systems Work in Supply Chains?
In today’s supply chains, vision systems play a crucial role in enhancing efficiency and accuracy. These systems use advanced technology such as cameras, sensors and machine learning algorithms to interpret and analyse visual data. Companies can seamlessly integrate them into supply chains, from manufacturing to distribution; these systems enable automated quality control, inventory management and […]
Inventory Write-Off: 5 Steps to Properly Removing Inventory from Your Records
Not every product is going to be a bestseller. This is a harsh reality and it comes with the cost of doing business. For whatever reason when inventory does not sell and loses its market value, companies need to report it as an “inventory write off”. So, let’s see what this phenomenon is in detail. […]
How to Compare and Choose ERP for Pharmaceutical Industry
The pandemic offered a grim reality for the pharmaceutical industry. With longer time-to-market product launches, the world grappled with supply shortages. Amidst the rising chaos, it becomes paramount for pharma companies to innovate and restructure their manufacturing facilities. ERP for the pharmaceutical industry is a viable solution to tackle complex market challenges. For instance, you must […]
SKU Vs UPC Code Vs Barcode: Complete Guide
Navigating through a retail maze can feel overwhelming, especially with terms like SKU, UPC, and Barcode swirling around. It’s like being in a jungle without a map! But don’t worry, we’re here to be your guides through this tangled jungle of inventory management. In this blog, we will draw detailed differences and focus on finding […]
Sustainable Supply Chain: Latest Trends and Innovations
Supply chain accounts for 60% of global carbon emissions, triggering a broader enterprise reinvention. Global instability is accelerating the need for a sustainable disruption. As per leading research, 69% of supply chain CEOs say climate change is having a big impact on their businesses. What’s the solution? Sustainable supply chain benefits are the future and […]
Navigating Sorting Centres: Logistics Unveiled
A sorting centre is a facility for organising and distributing items efficiently based on factors like destination or type. It serves as a hub where incoming shipments or packages go through processing, sorting and preparation for onward transportation or delivery. Typically equipped with advanced technology and conveyor systems, such centres streamline the handling process, ensuring […]
What is Pattern Recognition: How it Works, Types & Examples
You might notice how easy it is to find a familiar face in a sea of Facebook posts. It’s like your brain’s own superpower: pattern recognition. But have you ever stopped to think about the tech behind it? In this article, we’re diving into the cool world of pattern recognition tech, breaking it down in […]
Maintaining Inventory Records: Definition and Best Practices
An inventory record refers to a comprehensive document or database that tracks all items and goods that a business has. It has the details of item descriptions, quantities, locations and their values. This record is a crucial tool that manages stock levels, monitors inventory changes and facilitates efficient order fulfilment. It also provides real-time insights […]
Supplier Selection: Backbone of Supply Chain Management
Supplier selection is a common element to all purchasers. It happens to be a crucial element of the procurement ecosystem. This process helps in organising supplier bases and improving the overall efficiency of the supply chain. The goal is to identify the optimal supplier offering the most value for the product or service. Selecting the […]
All About Discreet Shipping: What It Means and Why It Matters
Businesses need to figure out how to remain ahead of the evolving consumer habits. In the last ten years, discreet shipping has become very popular giving consumers more privacy, and peace of mind when their products are delivered. It guarantees that your purchases—from adult toys to personal care items—remain secret and secure. Discreet shipping: what […]
5 Ways to Improve Inventory Management With an Inventory Scanner System
As a manufacturer, if you find that manually counting your inventory is becoming less reliable, it’s time to upgrade your inventory management strategies. Enter barcode scanning for inventory management – the fastest and most accurate method for tracking your inventory movements. Without barcodes, you run the risk of inaccurately assessing your stock levels, potentially leading […]
