Old school inventory management methods, like spreadsheets and manual counts, leave too much room for error. That’s why more businesses are turning to stockroom apps—modern, mobile-first solutions that give teams inventory visibility, track usage, auto-replenish point-of-use inventory, and eliminate costly mistakes.
B2B inventory management software provides advanced tech for tracking usage, automating critical replenishment processes, integrating ordering, and offering robust analytics.
It’s a delicate balancing act—order too little, and you’ll face stockouts and frustrated customers. Order too much, and you tie up valuable cash in excess inventory, weighing down your operations with burdensome carrying costs.
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.
Let’s unpack specific examples of AI’s transformative power within the world of inventory and how you can leverage this tech for game-changing profits and growth.
In the latest issue of Contractor Magazine, they reviewed eTurns TrackStock inventory management software.
