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. Obsolete goods can cost you 25-30%...
Optimized inventory management is the key to maintaining adequate stock levels and keeping everything organized and running smoothly. However, even with the best warehouse management software, you may find that your current facility is holding you back and is no...
For years, studies have shown that the workplace environment has a direct correlation with productivity levels. The less stressful the workplace, the more satisfied and productive your employees will be. Today, healthy, efficient, and positive work environments that...
While excess stock can accumulate for various reasons, such as inaccurate projections of customer demands and over-purchasing, it is, unfortunately, becoming an increasingly significant issue. Companies that continually have an overabundance of stock are responsible...
According to the Bureau of Labor Statistics, workplace deaths reached a 12-year high in 2019, with over 5,000 workers victim to occupational hazards. Many of these deaths occurred in construction and warehouse environments. In these environments, injuries stem from...
