Overview As the retail landscape evolves, small business owners continue looking for the best practices for marketing their brand, hiring the right people and managing one of their biggest assets: inventory. In the last few years, brick-and-mortar stores have had to figure out how to compete with...
The digitization of inventory and maintenance processes is helping Michigan better manage its 4 million acres of state forests. About 150 foresters regularly use the Michigan Forest Inventory (MiFI) system to manage the state's forests, collecting data on tree types and making recommendations for prescribing controlled...
What Are You Going to Do Differently in 2018? In a few weeks, we’re going to hit another New Year and list yet another year’s worth of resolutions. What goals do you have in mind for your business in 2018? How about taking a hard look at...
Warehouse management is always evolving, and companies must keep up with new happenings in the industry if they hope to outlast their competitors. The following are three major supply chain management trends that are helping companies meet their logistical challenges: 1. The World of IoT More than ever...
Inventory is necessary for many businesses including retail and manufacturing facilities. Maintaining appropriate inventory levels is crucial, as too much inventory can be costly. An inventory management system helps to control and balance the flow of incoming and outgoing merchandise. For most businesses, a strong...
Inventory is defined as a stock or store of goods. These goods are maintained on hand at or near a business's location so that the firm may meet demand and fulfill its reason for existence. If the firm is a retail establishment, a customer may...
Overview Inventory can be a massive problem for retailers. In fact, it’s a problem that costs $1.75 trillion every single year. How can this be? Well, $634 billion is wasted every year on loss of sales, due to inventory not being in stock. And a further...
