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.
Effective inventory management is the backbone of any successful distribution company. It involves more than keeping stock in a warehouse; it’s about having the right items in the right quantities at the right locations.
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.
For most distributors, growing wallet share among existing customers is a consistent goal – and a constant struggle. But with automated ...
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....
Contractors who have a significant percentage of their business riding on service trucks are closely familiar with the inventory and record-keeping challenges such mobile offices can present.
Auto-replenishment of point-of-use inventory through usage tracking or cycle counts is how you maintain optimal inventory levels without stockouts.
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.
