Recent Posts

5 Disadvantages Overstock Has for Your Business

Posted by Hannah Campbell on Nov 14, 2017 3:25:34 PM
2 min read

Overstocking is carrying more of a certain product than is necessary.

To try and prevent stockouts, many businesses think the solution is to increase their inventory. This allows them to have a cushion of product to fall back on. This process can lead to overstocking. While this may prevent stockouts from occurring, overstock has its own disadvantages.

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Topics: Inventory, Business, Management

The Effect Stockouts Can Have on Your Business

Posted by Hannah Campbell on Nov 6, 2017 9:29:14 AM
2 min read

A stockout, also referred to as out of stock, is when aproduct is unavailable to a customer when they are ready to buy it. Stockouts are one of the worst things that can happen to a business. They can cost you a significant amount of potential revenue. Stockouts are an issue almost every business has had to experience.

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Topics: Inventory, Business, Management

The Importance of Inventory Management

Posted by Hannah Campbell on Oct 26, 2017 2:22:09 PM
3 min read

Your business is all about how well you know your skill and how well you manage your inventory. Too much inventory = wasted money, not enough inventory = money lost.

Like learning your trade, successful inventory management takes time. Valuable time you may think is more important spending on a customer, earning money.

According to Trade Gecko, inventory management is all about having the right product, at the right time, with the right quantity. But is the time it takes for you to master inventory management worth it for your company? It is if you want a successful one!

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Topics: Inventory, Business, Management