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Inventory Management

FIFO vs FEFO: Which Stock Rotation Method Suits You Best

As far as inventory management best practices go, stock rotation is right near the top. It’s alongside other methods such as product lifecycle management or employing a POS system that monitors what comes in and goes out of your store. Why? Because at its core, stock rotation is an approach that helps you to ease the problem of stock loss.

Darren Gilbert
By Darren Gilbert
on Apr 17, 2019 5:00:00 PM
   
FIFO vs FEFO: Which Stock Rotation Method Suits You Best

As far as inventory management best practices go, stock rotation is right near the top. It’s alongside other methods such as...

Darren Gilbert
By Darren Gilbert
on Apr 17, 2019 5:00:00 PM
A Beginner’s Guide to Cycle Stock

Deciding on the amount of inventory to carry to meet customer demand is not an easy task. After all, any decisions you make...

Darren Gilbert
By Darren Gilbert
on Nov 9, 2018 4:15:59 PM
How DotActiv Manages the Product Lifecycle

There are generally two distinct approaches you can take when managing the product lifecycle. One: you can complete this...

Darren Gilbert
By Darren Gilbert
on Nov 6, 2018 11:05:08 AM
5 Factors that Affect Your Carrying Costs

Since the carrying costs associated with holding inventory can be significant to your business, you must be circumspect....

Darren Gilbert
By Darren Gilbert
on Nov 5, 2018 4:56:39 PM
What To Consider When Generating SKUs

There are no two ways about it: if you run a retail business, you need to generate SKUs for your products. And if you...

Darren Gilbert
By Darren Gilbert
on Nov 2, 2018 11:45:31 AM
4 Things That An SKU Number Can Help You To Monitor

Stock Keeping Units (SKU) play a critical role in your retail success. However, they are often misunderstood, with many...

Darren Gilbert
By Darren Gilbert
on Oct 29, 2018 4:48:43 PM
5 Product Classification Mistakes to Avoid

There is real value in completing a product classification exercise. After all, once done, your stores are easier to shop,...

Darren Gilbert
By Darren Gilbert
on Oct 24, 2018 5:15:35 PM
Managing the Complexity of Product Lifecycle Through Software

 If you’re in retail, you have to understand product lifecycle. More importantly, you need to know how to manage the...

Darren Gilbert
By Darren Gilbert
on Oct 22, 2018 5:07:14 PM
How to Approach Product Classification

An accurate product classification goes a long way to helping you to please any shopper who walks into your store. You could...

Darren Gilbert
By Darren Gilbert
on Oct 19, 2018 4:25:02 PM
A Beginner's Guide to Safety Stock

Safety stock is a strategic tool which is critical for effective inventory management. Invest wisely, and you can provide...

Darren Gilbert
By Darren Gilbert
on Oct 10, 2018 4:32:28 PM