Category: inventory

What Inventory Turnover Ratio Is Good?

Post author By Amy
Post date 04/02/2021
6,485 Comments on What Inventory Turnover Ratio Is Good?

Let’s start with the most basic definition: What is inventory turnover ratio? The definition of inventory turnover ratio Inventory turnover ratio refers to the number of times the company’s inventory is repeatedly used or sold during a specific period, roughly reflecting its ability to manage inventory levels and the frequency of replenishing stock. Companies generally […]

Tags days sales in inventory, good inventory turnover ratio, inventory turnover, inventory turnover calculator, inventory turnover formula, inventory turnover ratio, inventory turnover ratio formula, inventory turns, inventory turns calculation

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What’s Safety Stock? How Does It Affect Inventory Management?

Post author By Amy
Post date 14/01/2021
411 Comments on What’s Safety Stock? How Does It Affect Inventory Management?

What Is Safety Stock and Why Is It So Important? Safety stock, also called buffer stock, is the stock you order additionally. Almost all companies will set up safety stocks to cope with emergencies. This kind of inventory helps reduce the risk of out-of-stock product sales, loss of sales, or the possibility of customer dissatisfaction. […]

Tags buffer stock, inventory, inventory control, inventory management, inventory planning, Safety Stock, the inventory

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How to Improve Inventory Tracking？Simple Guidance for You in Inventory Management

Post author By Amy
Post date 06/01/2021
8,084 Comments on How to Improve Inventory Tracking？Simple Guidance for You in Inventory Management

With the rapid development of third-party logistics, 3PL‘s advanced inventory management system can save you time and money. However, for companies with relatively small business volume, in-house management is still required. Choosing the right inventory tracking method can help improve inventory accuracy. What Are the Types of Inventory？ Before you can improve warehouse management, you […]

Tags 3PL, inventory, inventory control, inventory management, inventory management systems, inventory systems, Inventory Tracking, Warehouse Management

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How Inventory Management Techniques Can Increase Your Profit!

Post author By Amy
Post date 22/12/2020
16 Comments on How Inventory Management Techniques Can Increase Your Profit!

Why is inventory management important? Inventory management helps reduce operating costs Enterprise daily operating costs include the staff salary, warehouse rent, storage cost, logistics cost, and so on a series of spending. Inventory management techniques can help you minimize losses. Inventory means that you store a valuable and limited resource in the warehouse, and you […]

Tags inventory management, Inventory Management System, Inventory Management Technique, inventory management vs warehouse management, warehouse, warehouse fulfillment