Posted in pos suite on May 13, 2021
The term "inventory control" is not a synonym for "inventory management" as many in the warehousing industry mistakenly believe. Inventory control refers to specific aspects of the overall organization, tracking, and management of inventory. In a nutshell, inventory control is "stock control", and its core purpose is to regulate and maximize a company's warehouse inventory.
As the focal point of any business that sells merchandise, inventory is the most critical element of the supply chain. Without inventory sales, retail and wholesale companies will go under.
When you hear the phrase "good customer service", what kinds of businesses come to mind? If retail outlets, restaurants, and grocery stores are among the first types of businesses you think of, you aren't alone. Most people assume that good customer service exists only within the scope of B2C companies--that's business-to-consumer companies.
For businesses of all industries, the lifeblood of daily operations will always be the hardware and software used. Whether you're running a national fast food chain, managing a warehouse or multi-location distribution center, or simply opening your first retail store, as a business owner it's imperative that you choose the best technical gear and I.T. systems in order to function efficiently.
Posted in Hardware on Jan 14, 2021
Predictive analytics is a production and warehousing strategy used to keep inventory above the demand level at all times without over or under producing, and over or under ordering. In order for businesses to accurately predict how much inventory they will need available at any given time, they must have the ability to forecast demands, which means that software must be in place and functioning properly at their facility that can handle inventory tracking.