Inventory management methodologies, definitions, and best practices to manage and control your stock.
If you’re new to the concept of inventory tracking, this article shares a few basic tips on how to name your products, and set up your inventory software or spreadsheet to make it easier to track different types of items. Essentially, this boils down to carefully balancing quick human readability, while maintaining the ability to quickly sort and filter your products when needed.
Boy, have we got a count sheet template for you — and don’t worry, it’s way better than counting sheep on your hand. But we’re not just going to give you the template today: we’re also going to talk a little bit about what the sheet is supposed to do, and why you’ll want to use it.
It won’t be obvious to your customers, but drop shipping is a completely different way of fulfilling orders that relies a lot more on your vendors. This article quickly reviews the traditional retail fulfillment model and compares it to how drop shipments work.
A good Bill of Materials will help to ensure that your products are made with the same components, and with the correct ratios, each and every time. Let’s talk about what kind of details you’ll want to include in your BOM, and the different use cases for the document.
How little is too little? That’s exactly what your Reorder Point will help you determine. Let’s talk about the concept of reorder points, safety stock, and how to put those numbers together to make sure you have the right amount of stock on-hand.
