RFID, or radiofrequency identification, uses information electronically stored in smart barcodes to track and identify inventory items. When used along ...
By automating inventory audits with QR code scans or weight sensors, you streamline operations and reduce your reliance on manual counts and spreadsheets, leading to greatly reduced labor costs. The improved accuracy and efficiency of automation also supports better decision-making and increases overall customer satisfaction, contributing to increased revenue.
Summary: A definitive guide to defining Min/Maxes and how to calculate them. Learn how modern VMI apps that track usage can optimize your min/max levels and decrease costs.
Consigned inventory has the potential to be a very profitable investment. The benefits of consignment inventory include convenient, reliable goods for customers and steady profits for distributors. Below, we discuss consignment inventory best practices and common mistakes....
A vendor-managed inventory app is used by an industrial or medical distributor to facilitate the VMI process of replenishing onsite inventory at the customers' point-of-use location (where the customer uses the inventory in the course of conducting their operations, as opposed to selling the inventory). VMI apps help distributors and customers share inventory data seamlessly and make replenishment decisions collaboratively. Learn about important features of a VMI app here.
Point-of-use inventory is consumable inventory that is used in the course of business operations and it needs to be managed in a unique way. Here is how to manage POU inventory well.
What you should know about inventory audits and how to make them run more smoothly
This article explores the importance of asset maintenance and compares two leading asset maintenance solutions, eTurns TrackStock and Sortly.
Explore key inventory management and replenishment techniques for consumable supplies and discover how to strategically implement cycle counting.
Introduction to Advanced Inventory Management Trends in 2024 (The Evolution Towards AI Inventory Management and Sensor Technology)
