Posts Tagged ‘inventory management’

Inventory management – terms, formulas, and more

  What is Inventory Management? Inventory management is basically the process of ordering, handling, storing, and using a company’s non-capitalized assets – its inventory. Some businesses deal with raw materials and components, while others may only deal with finished products that are ready for sale. The key takeaways are that inventory management comes down to […]

Mistakes to avoid when replenishing inventory

A common definition for inventory replenishment is “filling again by supplying what has been used up”- or in other words, inventory replenishment refers to the process of inventory movement from reserve warehouses to primary storage – then onto picking locations. Stock replenishment can often be used for both ready to use commodities and raw materials […]

Warehouse inventory management – 8 valuable tips

Warehouse inventory management – 8 valuable tips Before we begin, it’s very important to remember that warehouse inventory management is much more than the practice of arranging your inventory so that it can be found quickly. There’s more to warehouse management than just that. Good warehouse organization is not only about putting everything in its […]

What is overselling and how to avoid it?

What is overselling and how to avoid it? In a nutshell, overselling is usually selling a product that is out of stock, or selling a larger quantity than your actual stock. We could say that all sellers sometimes have an overwhelming feeling that their business is slipping through their fingers. This happens especially if they […]

Best practices to decrease the level of inventory shrinkage

Large and medium-sized businesses tend to suffer serious profit losses because of inventory shrinkage. Compared to dead stock, inventory shrinkage is represented by any loss of products or inventory merchandise that is not caused by stock being sold. There are many reasons or causes for inventory shrinkage, as it can happen because of stolen products […]

Ways to turn slow-moving inventory into cash

Losing money with slow-moving inventory is easy Slow-moving inventory is a nightmare for all business owners. One of the key elements of successful inventory management is giving constant attention to the quality of your merchandise and always knowing what sells and when it sells.         Niche products usually are the cause of […]

Save tons of money on inventory with stock rotation

All business owners hate to have obsolete or expired stock laying around in their warehouses and in order to avoid money-losing situations stock rotation is a life saver. If you’re wondering what stock rotation actually is, it’s the process of organizing inventory to mitigate the stock loss caused by expiration or obsolescence. It’s a practice […]

Royal Mail direct integration finalized on NVentree

We have great news for you! You will now be able to generate Royal Mail carrier labels without having to import or export order details from NVentree to Royal Mail and back as we finalized the Royal Mail direct integration into our app. Basically, we have automatized the Royal Mail integration by allowing you to […]

The nightmare that is Slow Moving Inventory

Getting rid of SMI   Most online sellers encounter this issue at least once in their career, it’s something extremely difficult to avoid. Slow moving inventory, or SMI, is defined as stock keeping units (SKUs) that have not been shipped in a certain amount of time, such as 90 or 180 days, and merchandise that […]