inventory control

  • Adopting a Smart Approach to Inventory Management

    • April 3, 2024
    • Posted by: David Marshall
    • Category: Business, Digital Transformation
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    You need to establish a solid inventory management plan so you know EXACTLY how much you have at any given time.

    Remember the old days of inventory management, when you had to walk up and down the aisles of the warehouse, carrying a clipboard and counting every single piece of inventory, comparing it to what you had on your printout? Everyone rejoiced when software companies came out with inventory management software, and they clamored to introduce

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  • Perform an Annual ABC Analysis to Find New Profits

    • March 6, 2024
    • Posted by: David Marshall
    • Category: Management, Productivity
    No Comments
    An ABC Analysis involves the Pareto Principle where you identify your best-selling items and cut the lowest-selling items.

    According to the Pareto Principle (also called the 80/20 rule), you’re wasting a large portion of your time on items and customers that don’t actually have an ROI for you. That is, 20% of your customers bring in 80% of your results, and 20% of your inventory brings in 80% of your sales. Conversely, 80%

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