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Effective Strategies to Prevent Inventory Shrinkage

Effective Strategies to Prevent Inventory Shrinkage

by Robert Brandon | Oct 28, 2024 | Inventory

Key takeaways Inventory shrinkage is the loss of stock due to factors like errors in inventory management, damage, or theft. High inventory shrink will increase the cost of goods sold (COGS) and decrease profit margins. Poor inventory management techniques, human...
How to Become a Wholesaler: A Guide for Entrepreneurs

How to Become a Wholesaler: A Guide for Entrepreneurs

by Robert Brandon | May 1, 2024 | Featured, Workflows

If you’re considering selling wholesale, you’re probably not the only one out there. It’s always been a consistently popular and profitable venture for those savvy enough to figure it out. With the rise of ecommerce, plenty more up-and-coming...
How Vendor Managed Inventory (VMI) Can Reduce Lead Times

How Vendor Managed Inventory (VMI) Can Reduce Lead Times

by Robert Brandon | Apr 24, 2024 | Inventory

As we move further into 2025, consumers’ expectations continue to rise. One fundamental expectation, in particular, has been a challenge for online stores and traditional retailers alike: lead times. The sooner a customer has their product, the happier they are....
Strategies to Avoid Burnout When Managing Your Inventory

Strategies to Avoid Burnout When Managing Your Inventory

by Jared Plumb | Mar 7, 2024 | Workflows

In the fast-paced world of inventory management, the pressure is always on. Inventory managers are responsible for juggling multiple tasks like managing stock levels, purchasing inventory for replenishment, and optimizing warehouse space. With so much to worry about,...
Why Supply Chains Use AI Computer Vision in Inventory Monitoring

Why Supply Chains Use AI Computer Vision in Inventory Monitoring

by inFlow Inventory | Feb 22, 2024 | Workflows

Computer vision utilizes AI-powered cameras and image recognition software to automatically monitor inventory levels, track product movements, and identify discrepancies in real-time. Companies like Amazon and Walmart have already begun adopting computer vision...
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