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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5 Ways to Master Barcode Inventory Management: The Right Tools, Technology, and Training for Seamless Barcode Inventory Management Implementation

Every business that handles inventory requires an effective inventory management system, and barcodes have long been the foundation of the most effective, comprehensive, and reliable methods for managing inventory on a small or massive scale. Barcodes reduce the likelihood of human error, increase accuracy and efficiency, and help companies gain complete visibility into their stock …

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Best IoT Devices and Systems for Asset Tracking: 48 IoT Systems, Solutions, and Devices to Streamline Asset Management and Tracking

Industries of nearly every kind benefit from asset tracking not only because it prevents theft, loss, and damage, but because assets comprise such a large percentage of a company’s holdings that asset management is essential for meeting compliance and industry standard regulations. Asset tracking that delivers real-time data contributes to a healthy bottom line, and …

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Anatomy of a Successful Warehouse Manager: Educational Background & Work Experience, Salary Information, Essential Traits and Characteristics (with Infographic)

Warehouse managers are tasked with overseeing the inner-workings of a warehouse operation, a complex set of functions and processes that work cohesively to maintain the optimal flow of goods in and out of the facility. A warehouse is a critical hub in the supply chain, and productivity lags and interruptions in a warehouse can have far-reaching …

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How Camcode helps law enforcement agencies track firearms

Manual tracking of firearms is a time-consuming task for law enforcement agencies. Camcode’s firearm tracking program makes the process easy. By Victoria Mack for PoliceOne BrandFocus Note: This article was originally published at PoliceOne.com on September 18, 2017.   Accurate documentation of the firearms at your police department is critical. But departments don’t always have …

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Top Inventory Tracking Software: 50 Comprehensive Software Systems for Better Inventory Tracking

Companies of nearly every size, from warehouses to small retail businesses, have a lot of money tied up in their inventory. Because inventory is an investment, these companies need to know where their inventory is, and they want an accurate count in real time. That’s where inventory tracking software systems come in. Companies utilize software …

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What is MIL-STD-129? Barcode Requirements, Best Practices, and More

MIL-STD-129 is an important military marking standard that outlines labeling requirements for shipments and containers, as well as to individual units. Here’s what you need to know, including best practices for compliance. A Definition of MIL-STD-129 A standard for maintaining uniformity in military marking for shipment transported by ships and for storage, MIL-STD-129 is approved …

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FIFO vs LIFO: Differences, Advantages and Disadvantages, Applications, and More

First In, First Out and Last In, First Out are two common inventory management methodologies. The two models are based on opposite methods, each with a few distinct advantages in certain industries and verticals. A Definition of First In, First Out (FIFO) and Last In, First Out (LIFO) First in, first out (FIFO) is an …

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What is Inventory Accounting? How It Works, Types of Inventory Accounting, and More

Every business that manages inventory must use an inventory accounting process to determine the value of the company’s inventory assets. There are several common inventory accounting methods that companies rely on to assign value to their inventory and maintain appropriate record-keeping. Inventory valuation is a critical business process that directly impacts profit and taxation. A …

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Top Supply Chain Analytics: 50 Useful Software Solutions and Data Analysis Tools to Gain Valuable Supply Chain Insights

Supply chain managers cannot afford to operate in the dark as global operating systems, pricing pressures, and increasing customer expectations become the norm, as Paul Myers, professor of practice in supply chain management at Lehigh University explains. Various economic factors such as rising fuel costs, changing supplier bases, increased competition from low-cost outsourcers, and the …

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Top Asset Management Training Programs & Courses: The 50 Best Resources for Mastering Asset Management Practices Online and Around the World

Fixed and physical assets comprise a large portion of a company’s holdings, and proper asset management and maintenance is critical to remaining compliant and meeting various industry standards. Companies also need to manage their assets to prevent loss, damage, and theft in order to maintain a healthy bottom line. Moreover, companies that employ asset management best …

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50 Inventory Management Best Practices: Tools, Techniques, Money-Saving Strategies, and More

Retailers, manufacturers, wholesalers, warehouses – nearly every business can benefit from inventory management best practices that streamline operations and processes and keep inventory, assets, and equipment in check. From correctly balancing stock in warehouses to ensuring production can continue to flow, inventory management is essential for keeping businesses up and running and the bottom line …

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What is Warehouse Logistics? Challenges, Benefits, and Best Practices

Definition of Warehouse Logistics To define warehouse logistics, we must first understand the meaning of logistics itself. In the simplest possible terms, logistics may be defined as the detailed planning, organization, management, and implementation of complex operations. In many industries, including warehousing, logistics also extends to the flow of both physical goods and information. Warehouse …

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How to Design a Warehouse Racking Layout: 10 Steps to Efficient Planning

Efficient warehouse design relies on a complex balance of infrastructure, equipment, and inventory to facilitate organization and seamless operations. One of the most important considerations: warehouse racking. An efficient racking layout is essential to your overarching warehouse infrastructure and design, since your racking system will, in large part, determine related factors, including your use of …

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5 Ways to Use Asset Tags with Your Asset Tracking Software

Investing in asset tags is a great idea if your company deals with a large variety of physical assets. Bolstering asset visibility can lower overheads and save employees a lot of time. It also helps companies quickly pull up details, plan ahead for the future, and make well-informed decisions about procurement and maintenance. The worrying …

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ScanSKU Android Barcode Scanner- Rugged M Series (1D & 2D) Review

ScanSKU’s Android Barcode Scanner – Rugged M Series (1D & 2D) is the company’s flagship barcode scanner, offering rugged durability for holding up to the tough environments found in warehousing, retail floors, and even on-the-road use. It comes with an unlocked Android 5.1, meaning you can use it with nearly all Android-compatible apps and platforms. …

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3 Essential Asset Tracking Tips for Schools and Educators: Automate, Plan and Collaborate with IT

Schools of all kinds must accurately track their assets to comply with the Governmental Accounting Standards Board (GASB) standards and the Financial Accounting Standards Board (FASB) standards in addition to being accountable to their stakeholders. As schools rely more heavily on funding and endowments from outside sources, they must manage and track their assets in …

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How to Organize a Warehouse: A Step-by-Step Guide to Efficient Warehouse Organization

Setting up a warehouse in an efficient and organized manner is beneficial for a number of reasons. Not only does it assist in inventory control and time management, but it also streamlines the entire process of doing business, from ordering and storing, to pulling and shipping. But just what is the best way to organize …

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How Does Maintenance Software Help with Warehouse Optimization?

Note: This post was contributed by Fiix Software.  We typically associate maintenance software with work orders—scheduling and tracking work, and logging asset history to work towards preventive maintenance. But software like a computerized maintenance management system (CMMS) can also be used to manage all the bits and pieces that keep your facility running. The system …

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How to Determine Max Year-End Inventory Count

Good inventory management allows you to carefully control your inventory count, spend, and purchase decisions to ensure that your inventory levels best meet your business needs. While minimizing inventory can save you money, decrease taxes, and decrease the risk of dead stock and over-date inventory, it is crucial that you be able to calculate your …

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What are RFID Tags? Learn How RFID Tags Work, What They’re Used for, and Some of the Disadvantages of RFID Technology

Definition of RFID Tags RFID tags are a type of tracking system that uses smart barcodes in order to identify items. RFID is short for “radio frequency identification,” and as such, RFID tags utilize radio frequency technology. These radio waves transmit data from the tag to a reader, which then transmits the information to an …

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What is Warehouse Racking?

A Definition of Warehouse Racking An essential part of warehouse infrastructure, warehouse racking can hinder or accelerate warehouse operations. With proper warehouse racking, warehouse managers maximize space and optimize warehouse organization for efficiency and a streamlined picking process. Warehouse layout plays a major role in warehouse racking, as aisle width, docking locations, shipping areas, and …

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What is a Warehouse Management System? A Look at the Benefits of Warehouse Management Systems and How to Choose the Right WMS for Your Business

A Definition of Warehouse Management System A warehouse management system (WMS) is a software solution that streamlines daily warehouse operations. WMS solutions give managers a central location to manage tasks like inventory tracking. WMS programs may be part of a larger Enterprise Resource Planning (ERP) system, or they may be standalone applications. WMS solutions range …

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What is CMMS Software? A Look at CMMS Software, Its Benefits, and How to Choose the Best CMMS Software Program

A Definition of CMMS Software Computerized maintenance management software (CMMS) is computer software designed specifically to simplify maintenance management. A CMMS stores your maintenance data on a computer and gives organizations the ability to track work orders, generate accurate reports, and immediately determine which assets required preventive maintenance. Organizations find that investing in CMMS software …

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The Ultimate Guide to Warehouse Inventory Management: 80 Trusted Resources on Inventory Management Frameworks, Best Practices, Software, Mobility, and Low-Tech Inventory Solutions

Warehouse inventory management may seem like a relatively simple process on the surface. After all, it’s inventory in, inventory out, right? In reality, managing warehouse inventory is a far more complex undertaking, so much so that various schools of thought have formed around the best approach to effective inventory control, resulting in a few well-established methodologies …

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What is Warehouse Optimization?

A Definition of Warehouse Optimization Warehouse optimization is key to the efficient operation of warehouses of all sizes. A disciplined process, warehouse optimization includes automation and a determination of how to save time, space, and resources while reducing errors and improving flexibility, communication, management, and customer satisfaction. Other warehouse optimization considerations include warehouse flow, product …

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24 Supply Chain Professionals Share Risk Management Best Practices and the Most Effective Ways to Reduce Supply Chain Risks

In the supply chain, risks abound, impacting every facet of the business. From physically securing product throughout the supply chain to ensuring shipping accuracy, knowing the origin of your products (where your suppliers’ facilities are based) to gain a clearer risk profile, and more, there are countless risks that plague the supply chain. All of …

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What is Supply Chain Logistics? A Definition of and Analysis of the Challenges and Benefits of Supply Chain Logistics

A Definition of Supply Chain Logistics Because so many organizations make up a supply chain, the logistics involved in getting products and services into the hands of the consumer can be mindboggling. Known as the backbone of global trade, supply chain logistics is a network of transportation, warehousing, and inventory. Supply chain logistics executives must …

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What is RFID? Types of RFID Tracking Tags, Their Uses, Disadvantages and How They Compare to Barcode Labels

A Definition of RFID Radio-frequency identification, or RFID, utilizes radio waves to read and capture information on RFID tags. RFID tags are embedded with a transmitter and receiver and may be placed on objects and items that need to be tracked for inventory or other purposes. The RFID tags include a microchip that stores and …

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Best Warehouse Management Presentations and Slide Decks: 50 In-Depth Resources on Streamlining Warehouse Operations, Boosting Productivity, and More

Warehouse management requires a great deal of time, responsibility, and knowledge. Staying on top of the latest trends, best practices, and technologies for making their operations run efficiently and cost effectively is a top priority for warehouse management professionals. Unfortunately, it isn’t always easy for warehouse management professionals to find the time to attend conferences and professional gatherings. …

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Top 50 Logistics, Warehouse and Inventory Management Conferences and Events to Attend in 2017

Warehouse management, logistics management, and inventory management are crucial undertakings for businesses today. Often, these management processes and systems can be the difference between success and failure. Managing products, processes, and people are at the crux of keeping inventory flow running smoothly, handling the logistics of supply chains, and ensuring that you have the right …

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What is an Asset Label?

A Definition of Asset Label Asset labels, also referred to as asset tags, identify any number of physical assets, from equipment and tools to racks and machines. Asset tags are used to identify physical assets and feature serial numbers or barcodes for identification purposes. Most asset labels have adhesive backing and are made of anodized …

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What is Inventory Management?

A Definition of Inventory Management Inventory management is a component of supply chain management that involves supervising non-capitalized assets, or inventory, and stock items. Specifically, “inventory management supervises the flow of goods from manufacturers to warehouses and from these facilities to point of sale.” Thus, inventory management hinges on detailed records of products or parts as …

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What is Supply Chain Management?

A Definition of Supply Chain Management Supply chain management (SCM) has become “a highly sophisticated, technology-dependent, and collaborative discipline that combines the business functions of purchasing, operations, inventory management and warehousing, customer service, and logistics (source).” Supply chain management professionals focus on managing the flow of goods, information, and revenue while surpassing customer expectations and keeping …

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What is a QR Code?

A Definition of QR Codes Quick Response codes, or QR codes, are becoming more popular both in and out of warehouses and storage facilities. QR codes originated in Japan and are used to take information about an item or business and put it into a cell phone or hand-held scanner. QR codes first were developed …

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