inventory Archive

2 Types of Inventory Control Systems 

Inventory control systems are technology solutions that integrate all aspects of an organization’s inventory tasks, including shipping, purchasing, receiving, warehouse storage, turnover, tracking, and reordering. While there are some debates regarding the differences between inventory management and inventory control, the truth is that a good inventory control system does it all by taking a holistic

5 Affordable Procurement Software in 2020 

In this day and age, businesses can make the best use of technology to help them make a difference in terms of the acquisition of supplies. In this case, procurement software does just that. Procurement software helps automate the purchasing process and manages all activities related to an organisation’s expenditure. It makes complex processes easier,

How to Set Min and Max Inventory Levels for Your Logistics

Min/Max inventory remains a popular inventory management approach to capture opportunistic sales by carrying safety stock and amalgamates volumes to reduce pricing and incoming freight costs. To avoid stockouts, you should set the minimum and maximum levels quite high, yet low enough so you do not increase the risk of expiration or damage of the

How to Use AI to Transform Logistics and Supply Chain Industry?

Have you ever asked Siri to set an alarm or timer on your iPhone? Or have you ever asked Cortana to show you directions through your Smartphone? Without realising, artificial intelligence (AI) has now become part of your daily life in today’s rapidly evolving world. Not only making life easier, the new wave of machine

10 Best Practices for Smooth Warehousing Operations

Effective management of people and use of right technologies, are some of the key factors for smooth warehousing operations. While many people perceive this practice as merely arranging inventories such that they can be found easily, actually it is more than that.   Using the right warehouse planning, smooth warehousing operations guarantee maximum productivity with