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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