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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,...
The Future of Inventory: Deep Dive into Computer Vision Monitoring

The Future of Inventory: Deep Dive into Computer Vision 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...
What Is the Difference Between FIFO and LIFO Accounting?

What Is the Difference Between FIFO and LIFO Accounting?

by Robert Brandon | Feb 14, 2024 | Inventory

Effective inventory valuation and management is vital for the success of many organizations. Not only does that data give information on what changes or tweaks a business needs to make, but it’s also crucial for tax reporting purposes. Incorrect or lazy valuation can...
Demand Forecasting: Methods, Examples, and Best Practices

Demand Forecasting: Methods, Examples, and Best Practices

by Robert Brandon | Dec 21, 2023 | Inventory

Key takeaways Demand forecasting uses historical, market, and operational data to estimate future inventory needs over short- or long-term horizons. Accurate forecasts improve inventory planning, cash flow, decision-making, and customer satisfaction by minimizing...
Technology to Reduce Business Costs and Improve Efficiency

Technology to Reduce Business Costs and Improve Efficiency

by inFlow Inventory | Nov 28, 2023 | Workflows

Key takeaways CRM and wholesale management tools elevate both sales and customer satisfaction by enabling personalization, improving outreach, and supporting scalable distribution models. You can reduce business costs without cutting staff by making smarter, long-term...
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