Carrying Costs of Inventory (What It Is & How to Calculate It)
Gaining a deeper understanding of your carrying costs of inventory can increase profits overall, but the task is easier said ...
Read Post
Want to receive our eNewsletter 6 times per year with tips for how eTurns TrackStock can help take cash out of your inventory? Sign up here. You can unsubscribe at any time
Gaining a deeper understanding of your carrying costs of inventory can increase profits overall, but the task is easier said ...
Read PostSummary: A definitive guide to setting stockroom min/max levels based on actual usage data from the point-of-use. This article defines ...
Read PostWhen it comes to demand planning, distributors may assume that the same demand for the same items will occur at ...
Read PostTired of shutting down shipping and receiving each year to complete a physical inventory count? Save time and money by ...
Read PostM and L Electrical used to struggle with an ongoing problem of purchasing more material than was truly needed for ...
Read PostIt’s an uncomfortable fact – managing consigned inventory at a customer’s location can be challenging. Your customer may have great intentions, ...
Read PostThe success of your business hinges on having the supplies and inventory you need, exactly when you need them. Managing ...
Read PostAmong the many truths highlighted by the COVID-19 pandemic is that healthcare organizations need precise and reliable inventory management practices. ...
Read PostSummary: Next-gen VMI software allows distributors and their customers to manage inventory-on-hand with IoT weight sensors. Keep track of supplies ...
Read PostQuick Take: Manual cycle counting methods are time-consuming, inefficient and prone to inaccuracies. With digital automation, you can perform stockroom ...
Read PostSummary: eTurns talks inventory trends to watch in 2022. 1) New technologies like SensorBins™ and electronic shelf label systems for ...
Read PostStockroom and service truck inventory managers have typically stocked inventory so there’s always product to meet demand, even if it ...
Read PostIf you’re the stockroom inventory manager for an organization with special supplier pricing agreements, you know how labor-intensive it can ...
Read PostThe Internet of Things (IoT) is a network of physical items with embedded sensors that exchange data with other systems ...
Read PostSince COVID-19 hit, demand for essential items skyrocketed, customers closed their facilities to outside sales reps, labor shortages worsened, and ...
Read PostWith today’s labor shortage, it is important to make stockroom inventory replenishment as efficient as possible. Automating this process with actual ...
Read PostOptimizing inventory on hand in a point-of-use location takes knowledge of inventory principles and formulas, as well as the tools ...
Read PostIf you’re a contractor with a fleet of service trucks, how do you manage your truck inventory and measure whether ...
Read PostIf you’re a stockroom manager, you know how the past two years have affected your job. With containers full of ...
Read PostAndy Wolfe, SMC’s Director of Inventory Management Services, noticed many of the distributor’s accounts followed the same pattern: “Fire drill” ...
Read PostLean management originated in Toyota’s quest for the perfect manufacturing process in the auto industry. In the 1940s, Toyota implemented ...
Read PostSummary: Inventory optimization software replenishes stock automatically and manages inventory levels to cut carrying costs and eliminate the risk of ...
Read PostWhen implemented correctly, automated replenishment systems help guard against being over-stocked or under supplied. With the significant disruption in the supply ...
Read PostWith the volatile supply chains sparked by COVID-19, many distributors were forced to thoroughly analyze inventory levels and reduce expenses ...
Read PostWe all know that Covid-19 has caused many companies to increase their online presence to meet growing demands from customers ...
Read PostWell-managed kitting services allow distributors to add value and contractors to work more profitably. What is a contractor’s most expensive asset ...
Read PostMany progressive OEMs use kitting to increase efficiency and productivity. With kitting, or prefabrication, OEMs save time, eliminate bottlenecks in ...
Read PostCOVID-19 forced many companies to look inward, reducing unnecessary costs while maintaining great service levels. Distributors don’t want too much consignment ...
Read PostForward-thinking distributors are using consignment inventory to ensure their top customers are stocked with the inventory they need – when ...
Read PostMany companies are looking to invest in technologies that will automate replenishment, management and optimization of their inventory. They are ...
Read PostWhat if you as a distributor could give your customers a min/max inventory management tool to tell them exactly how ...
Read PostHolding inventory in your warehouse or stockroom is great for ensuring customers have access to what they need, when they ...
Read PostSummary: Manually tracking inventory takes valuable time and energy away from your staff. Medical inventory management software improves this process ...
Read PostSummary: Kitting involves pre-assembling two or more related parts into a kit to sell as a single product. Kitting and assembly ...
Read PostBy Ron Schroeder, VP of Supply Chain, eTurns Summary: Consigned inventory has the potential to be a ...
Read PostTypically, when you think about consignment, you think of distributors offering the service to manufacturers so they can save cash ...
Read PostOne eTurns TrackStock customer, an electrical distributor with $7.5 billion in revenue last year, uses our software in an exemplary ...
Read PostCustomer managed inventory (CMI) technology is far faster for inventory replenishment, eliminates price shopping and reduces the risk of error, ...
Read PostOver the past few months, we’ve seen increased interest by medical clinics, EMS organizations and healthcare facilities in our Internet ...
Read PostIt’s surprising that so many companies still manage inventory with paper and a clipboard. Imagine how much time your team could ...
Read PostThrough automated replenishment at the point-of-use, eTurns helps distributors and their customers gain greater visibility into their inventory — and ...
Read PostAn immediate struggle for many distributors is the sudden slowdown of incoming cash flow due to delays of projects, struggling ...
Read PostWhile the right ecommerce website is necessary for distributors, a Customer Managed Inventory program supported by the right technology is ...
Read PostWhen optimizing customer inventory, distributors should use actual customer usage data and realistic scenarios that eliminate unnecessary customer expenditures on ...
Read PostFlorida Advanced Spine and Sports Trauma Centers (FastMD) is an urgent care center for spine and orthopedic needs with four ...
Read PostIn the midst of this global pandemic, many distributors are frantically reviewing their business plans and finances to determine their ...
Read PostIt can be a challenge to know exactly what customers need and stock accordingly. One element of successful supply chain ...
Read PostSales reps tend to hoard customer information, often leading to forecasting errors that can hurt both the company and customer. ...
Read PostTo forecast demand and plan inventory needs in their own distribution centers and at customer locations, distribution companies tend to ...
Read PostConsignment inventory, when distributors stock and manage inventory at a customer’s site, is a fantastic way for a distributor to ...
Read PostSay goodbye to boring black-and-white, simple barcode labels. Take advantage of customized bar code labels within the eTurns TrackStock automated inventory ...
Read PostRather than view the last 10 feet of the supply chain as the end of the road – what if ...
Read PostTwo years ago, Lakes Region EMS in Minnesota typically carried 73 percent more inventory than it needed. And Smilebuilderz, a large dental, ...
Read PosteTurns Automated Inventory Replenishment Saved An EMS Provider Thousands of Dollars and Countless Hours – and May Even Help Save ...
Read PostOur takeaway from the MDM Digital Distributor Summit, which we were proud to sponsor this month in Denver, was this: ...
Read Post9 eTurns Features For Efficient Inventory Management eTurns TrackStock has many features that can help distributors and their customers work smarter ...
Read PostRFID, or radiofrequency identification, uses information electronically stored in smart barcodes to track and identify inventory items. When used along ...
Read PostIt’s amazing how many distributors out there are afraid. They acknowledge that having real-time visibility of inventory and having automatic inventory ...
Read PostDistributors whose businesses depend on electronic components know a thing or two about supply chain uncertainty. In recent years, skyrocketing demand ...
Read PostAt eTurns, we’re not big on bragging. But we do want to share something we’re pretty proud of: We’ve earned ...
Read PostImagine your customer has 1,000 widgets sitting in consigned inventory in a warehouse. And let’s also say that over the ...
Read PostFor many years, Fort Lauderdale, Fla.-based warranty contractor Service America relied on a tier-one ERP system for tracking inventory. That ...
Read PostDistributors who have a large portion of their business riding, literally, on service trucks know too well the inventory and ...
Read PostThat’s what eTurns CEO Rock Rockwell says about improving the efficiency of inventory control for your customers. The pencil-and-paper method ...
Read PostFor most distributors, growing wallet share among existing customers is a consistent goal – and a constant struggle. But with automated ...
Read PostIf you deal with fiber optic cable or electrical wire, you’ve probably had this experience: arriving at a job site ...
Read PostWhen it comes to inventory, less is not always more. A centuries-old proverb admonishes that “For want of a nail, ...
Read PostDistributors should create an e-commerce site for only two reasons: attracting new customers and informing existing ones. The biggest mistake ...
Read PostAutomating Vendor-managed Inventory (VMI) within OEM and MRO storerooms is becoming an increasingly important way for distributors and manufacturers to ...
Read PostWhen the article appeared in the last issue of American Fastener Journal about how eTurns SensorBins (eVMI) sensor-managed inventory provides ...
Read Post
