/ Archives for December 2017

Month: December 2017

7 Inventory Metrics Warehouse Managers Should Be Tracking

Warehouse managers constantly are told to do more with less. Lean practices are forcing warehouse managers’ hands. The goal, of course, is to keep costs low while getting the right inventory to the right people at the right time to ensure high customer satisfaction. If only it were that easy! Inventory control, shrinkage, excess inventory, …

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4 Types of Inventory Control Systems: Perpetual vs. Periodic Inventory Control and the Inventory Management Systems That Support Them

Inventory control systems are technology solutions that integrate all aspects of an organization’s inventory tasks, including shipping, purchasing, receiving, warehouse storage, turnover, tracking, and reordering. While there is some debate about the differences between inventory management and inventory control, the truth is that a good inventory control system does it all by taking a holistic …

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3 Tips for Hospital Inventory Management: Implementing Asset Tracking Processes to Streamline Inventory Management

Hospitals often come under fire for inefficiently managing supplies and spending too much on inventory. As hospitals are forced to tighten their belts, materials managers, suppliers, and staff members are pressured to address inventory management; unfortunately, they often are told to do so in a time-consuming fashion involving manual processes that are inefficient and subject …

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Equipment Tracking Best Practices: Asset Tags and Software, Maintenance Scheduling, and More

Organizations that seek efficient operations and healthy bottom lines need to track their equipment. Tracking assets also increases productivity and ensures you stay on top of repair and maintenance schedules and that you know where your assets are located and who is using them. The catch, however, is that your organization has to have equipment …

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The Complete Guide to Warehouse Automation: Basics of Organization and Warehouse Labeling, Automation Technologies, Best Practices, and More

Warehouse automation is widely touted as one of the most effective ways to boost ROI by reducing labor demands, enhancing accuracy, and improving efficiency. “One indisputable fact exists,” according to Supply Chain Management Review. “Warehouse automation is one of the last areas where long-term costs can be significantly reduced.” But some think of warehouse automation as …

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What is an Inventory Management System? Definition of Inventory Management Systems, Benefits, Best Practices & More

When most people think of inventory management, they think of retail applications. While retail operations rely heavily on inventory management, inventory management systems are widely used in a variety of industries, from manufacturing to utilities, healthcare, education, government, and more. Inventory management systems streamline and centralize the process for controlling the flow and maintenance of …

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