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Warehouse Inventory Management: Processes & Best Practices

Unleashed

Warehouse inventory management is a sometimes complicated, always-vital process for managing a company’s physical goods. It touches on many key aspects of operations – including finance, sales, and logistics – and directly impacts the efficiency with which a company conducts business.

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Beginning Inventory 101: Formula & How to Calculate

ShipBob

If you start out a quarter with more inventory than when you started the previous quarter, is it a good thing or a bad thing? Or, it’s an indication that you have more inventory than you can sell. If you start out with less inventory than the period prior, it could mean you sold a lot of your stock — congratulations!

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The Case for Real-Time Perpetual Inventory Signals in Manufacturing

ToolsGroup

Suddenly, managing inventory is the name of the game for companies trying to manage working capital and maximize profit while keeping customers happy. So how does a manufacturer navigate this rollercoaster? And that’s where real-time perpetual inventory signals come in.

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Inventory Management Excellence: Some Companies to Learn From

Logistics Bureau

Inventory management is a crucial aspect of supply chain management, and effective strategies can help businesses reduce costs, improve customer service, and increase profits. But what does a great inventory management strategy look like? At that point, each SKU will be taken to any convenient storage location in the warehouse.

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Striking a Balance in the Supply Chain: Navigating Volatile Supply and Demand to Meet Customer Needs

Speaker: Tony Darnell, Shipping Manager at Lippert Components

To make smart allocations, they need to visualize inventory across multiple warehouses and cater to different customer needs.

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Inventory Carrying Cost: Formula, Definition & How to Calculate

Unleashed

Inventory carrying cost is an essential figure to understand. Without it, you’ll struggle to accurately measure profitability or make informed decisions around inventory management and cash flow. What is inventory carrying cost? Why is inventory carrying cost important?

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Your Guide to Understanding & Minimizing Inventory Costs (with Formula)

RFgen

Managing inventory costs is a constant struggle. Between rising costs for materials and endemic labor shortfalls in the warehouse, many supply chain professionals may feel trapped in an endless cycle of shrinking profit margins. Managing inventory costs is important because high inventory costs can erode the bottom line.