Inventory management, in its current form, has come a long way since it was managed on ledgers and Kardex.

Simply stated, the goal of inventory management is to have the right amount of inventory in the right place at the right time.

Only the most efficient and agile businesses can survive in a world where global supply chains and online markets dominate.

Inventory is the life force of most businesses. It ensures that you have products to sell when your customers demand them.

In today’s business climate, customer demands change overnight, and competition lurks around every corner.

In an age of growing customer expectations, tracking your order fill rate is vital for business success and growth.

Tighter budgets are reshaping how businesses manage their finances, pushing them to innovate and rethink their operational strategies.

Managing your business’s inventory can feel like walking on a tightrope. Fall to one side of the rope, and you risk sinking capital and resources into too much stock.

Inventory management and warehouse management are interrelated. They form part of the same supply chain and should cooperate to achieve the effective flow of goods from supplier to customer.

One of the most overlooked secrets to efficient business operation is the use of spare parts inventory management software. In competitive industries, adopting this one management system is often the difference between quick repairs and frustrating downtimes.

Learn about how inventory management works for construction companies and their building materials and equipment.

Learn about the different types of inventory management strategies, their goals, strengths, and weaknesses.

Imagine using a seamlessly automated inventory management system that not only enables you to meet customer demands but also effortlessly reduces carrying costs and enhances efficiency in inventory management!

Learn about what lead time is, how it works, and what it means for inventory management, production, and manufacturing.

Learn how redistributing inventory can transform surplus stock into a valuable asset, reducing supplier costs and boosting sales for your business!

Adapt to the evolving landscape of inventory management in 2024. From AI to market dynamics, explore the trends shaping inventory management.

Businesses should revise inventory strategies to safeguard against Red Sea disruption

Managing inventory goes beyond just meeting demand; it’s a key asset that drives profit and plays a vital role in your business’s financial success. 

Explore the fundamentals of inventory turnover and its impact on business.

Managing inventory can feel like navigating a financial rollercoaster. As the price of materials, packaging, and transportation continue to ride the wave of inflation, those managing inventory also face financial hurdles.

Stay ahead of the competition in 2024 by mastering these essential inventory management techniques.

Don’t let stock-outs tarnish your business’s reputation. Discover the best safety stock calculations to ensure you never miss a sales opportunity again.

Learn about the significance of inventory reduction and discover strategies to reduce inventory.

Discover practical insights to boost profitability and meet customer demands through effective inventory planning.

Achieve effective stock management using key principles for optimal stock levels and efficient supply chain management. Master your inventory with data-driven insights.

Discover essential inventory optimization strategies to position your supply chain for success and gain a competitive advantage in the market. R

Netstock’s Predictive Planning Suite is the ultimate solution for small and medium-sized businesses seeking to optimize their supply chain planning. R

Learn how to unlock cash in your inventory by increasing visibility across your supply chain. Reduce surplus stock, improve profitability and operational efficiency by optimizing inventory management processes. Find out how!

Working with local suppliers can strengthen the US supply chain and increase businesses’ readiness to adapt to supply distributions.

Is your business prepared for the next black swan event? Barry Kukkuk, Co-founder at Netstock, provides four tips on handling supply chain disruptions. 

Improved supplier data will give your business a competitive advantage and drive customer loyalty.

Changes in demand and supply will test how efficiently businesses can adapt their supply chain planning. Having capital tied up in excess stock places businesses at risk. How prepared is your business?

The race to meet customer demand is long underway, and large enterprises are taking the lead, often far outpacing smaller businesses.

It’s either “adapt or die”! If you implement the necessary technology in your business, you should fully understand the ROI of the investment.