Manufacturing Inventory Management: What It Is, Steps & Technologies
Manufacturing inventory management is the process of planning, organizing, and controlling the flow of raw materials, work-in-progress items, and finished goods within a manufacturing facility. The primary goal of manufacturing inventory management is to ensure that a company has enough inventory to meet customer demand while avoiding overstocking, which can lead to waste, increased costs, […]
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Retail Inventory Management | The Ultimate Guide for Retailers
Retail inventory management is the process of managing inventory for retail shops including tracking, controlling, and optimizing inventory levels. A retail inventory management system seamlessly tracks inventory on hand and incoming and outgoing inventory activities, helping to optimize inventory levels with less stock but no stockouts. In 2020, statistics showed that the overall value of […]
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How to Implement a Barcode Inventory System
A Barcode inventory system is an inventory management tool where every product item has a unique id (SKU) to manage inventory activities. A barcode id is generated when adding or purchasing a new item in a barcode inventory system. Then, print the barcodes using a label printer and add barcode labels to the item tags; […]
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21 Techniques of Inventory Control to Improve Inventory Management Efficiency
“Worldwide cost of inventory distortion (including shrinkage, stockouts, and overstock) is an estimated $1.1 Trillion.” –(IHL, 2015) Inventory control refers to taking control of inventory activities. But it’s not enough to only take control. Controlling stock to keep optimal inventory levels is called Inventory Optimization. So, inventory control and inventory optimization are correlated to each other, with […]
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Demand Forecasting & Inventory Optimization: Optimize Inventory Levels
Demand forecasting is a process that predicts future demand for a product, service or activity. It is also referred to as market forecasting or sales forecasting. Demand forecasting helps a business to determine the right quantity of purchase and production to meet customer demands and needs. Worldwide, the retail business loses $471.9 billion to overstocks […]
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Cash Flow Inventory Tutorial – Other Settings
Cash Flow Inventory can easily manage manage Taxes, Payment Terms, Payment Methods and Shipping methods. Here you can manage (add, edit, delete) Taxes, payment terms, Payment Methods and shipping methods. Taxes : Easily manage your purchase & sales taxes. Purchase taxes are exclusive in Cash Flow Inventory from purchase amount because if your taxes are […]
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Cash Flow Inventory Tutorial – User Settings
In Cash Flow Inventory “admin” user can Add & edit user’s permissions. “admin” user can customize permissions for new and existing users in different segments like page level permission (permission to access a page) and operation levels permission like add, edit, delete suppliers, customers, employees, products, stock transfers, purchase orders, sales orders, and other operational activities. How […]
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Cash Flow Inventory Tutorial – Business Settings
Business settings of Cash Flow Inventory allow you to configure business information’s, logo, settings like timezone, currency, forecast period, display rows per page, Multi locations management and printing options management for bar code and qr code labels, and print settings for invoices (a4 or pos printing). Only ‘admin’ who creating account has access to manage […]
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Cash Flow Inventory Tutorial – Reports
It is essential to know the statistical data in different types of segments for manage and develop a business. Cash Inventory provides significant reports for helping you in keeping track of your stock flow, cash flow and other inventory activities.
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Cash Flow Inventory Tutorial – Sales Payments
Sales payments (from the customers against sales orders) is for payments and dues management. Cash Flow Inventory Sales-Order-have-to-collect is an automated system that helps you to manage customer due payments against sales orders/invoices which having dues with committed payment date. How to used sales invoice due payments in Cash Flow Inventory : Login> Dashboard> Sales> […]
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