by Olivia Barnes-Brett | Aug 30, 2022 | Inventory
Just-in-time (JIT) is a form of management commonly used in retail and manufacturing. The idea is to hold (or make) only the stock that you’ll need immediately. Items arrive as you need them — just in time — rather than as bulk orders that must be held until they sell...
by Jared Plumb | Aug 8, 2022 | Barcoding, Featured
Why should I care? You’ll be hard-pressed to find a business with stocked products that wouldn’t benefit from barcoding. Yet a surprising number of companies still operate with just pen and paper or Microsoft Excel. Many of these businesses share the...
by Olivia Barnes-Brett | Aug 4, 2022 | Accounting
Key takeaways The cost of goods sold (COGS) formula is: COGS = (Beginning Inventory + Purchases) – Ending Inventory = Cost of Goods Sold. COGS is essential for understanding the true cost of producing or purchasing goods and is a key metric to determine a...
by Olivia Barnes-Brett | Jul 13, 2022 | Inventory, Workflows
Order picking is an important part of warehouse management. With the right methods in place, businesses can reduce costs, boost productivity, and increase customer satisfaction. We delve into the world of warehouse order picking methods to help you make the best...
by inFlow Inventory | May 6, 2022 | Inventory
Overstocking goods may help businesses avoid shortages, but this strategy isn’t without its risks. When your excess inventory becomes obsolete, your dead stock can drag down your return on investment (ROI) and hinder your growth. Every inch of wasted space in...
