If you have a business or have seen one operate, you must know the importance of inventory management. Without proper inventory accuracy, a business might fail. Let’s look at the stats first! About 62% of organizations in the USA and Australia have below 80% inventory…

Have you seen how the milk cooler in grocery stores is being restocked? The new stock goes in the back while the old stock comes to the front. This is what we call first in, first out, in the most realistic way. From an inventory…

How sustainable and profitable your business will be in the future will largely depend on how you manage your inventory. Due to poor inventory management, a business can lose up to 11% of its annual revenues. That’s huge. Apart from biting into your revenue, you…

Inventory management is crucial for any business to maintain an optimal stock flow. Often, due to manual errors, businesses face miscounts, misplacement, and inaccurate data entries. This can lead to losses in sales, revenue, and even customers. In the U.S. alone, 39% of small businesses…