Benefits of inventory management software in wholesale, manufacturing, brewing and lighting industry Inventory management software refers to its usage in process of ordering, storing, and using a company’s inventory. These include the management of raw materials, components, and finished products, as well as warehousing and processing such items. A company’s inventory is one of…
5 Smart Tips To Avoid Stock Damage Stock damage or inventory damage is one of the biggest challenges faced by several managers and business owners in today’s highly competitive market. If you’re running an enterprise, along with stock, you have to handle a lot many things. Read our article on 7 mistakes that entrepreneurs should…
Inventory Valuation Methods Inventory generally refers to stock or stock in trade. In trading, it refers to perpetual inventory meant for resale or unsold goods. In a manufacturing concern, it includes items such as raw materials, semi-finished goods, and finished goods. An inventory valuation allows your company to provide a monetary value for items that make up…
What Is A Bill Of Materials? In a nutshell, a Bill of Materials (BOM) is the complete list of all the items that are required to build a product. But, it is more than a mere shopping list. A list of material, or the Bill of Materials is a list of all the production…
The world of online retail is still showing considerable signs of growth on a global scale and, despite trends predicting a slight decrease in percentage growth for 2019 in comparison to previous years, there’s still scope for eCommerce businesses to upscale and take their share of the market. In this post, Jon Leighton from…
What Is Order Management? Some businesses manage their orders manually and keep their records in ledgers. That being said, this is only good for small companies who process very few orders on a daily basis. For big companies with larger order inflows, the task of order management and processing can be challenging to carry…
Warehouse automation is one of the best-known ways to improve efficiency and functionality, as well as an excellent way to boost the return on investment. This is why most warehouse managers work toward automating their processes. Even so, most warehouses today still struggle with expenses and human errors simply because they haven’t adopted high levels…
10 Ideas For Eco-Friendly Packaging With landfills being filled by billions of tons of non-biodegradable and harmful waste every year, businesses are increasingly developing to adopt planet-friendly operations whenever possible. Society, and consequently customer demands, are increasingly becoming more environmentally conscious. That’s why in today’s article, the experts at R+R Packaging will explore 9…
Inventory Control Methods If you are a trader or manufacturer, you would agree with me that the Inventory management is not that simple; its a nightmare to keep track of the number of products that the company has, the number it has purchased but not received, the amount that it has sold but not yet…
4 Ways Flexible Packaging Could Benefit Your Business In an age where efficiency has become a guiding principle for every enterprise, saving time, money and energy has never been more important for financial decision-makers. Taking a conscious and robust approach to product packaging and delivery is one way to combat this issue in your enterprise.…
