Inventory Management

The 10 Most Important Inventory Management KPIs and Metrics

If you ever wanted an in-depth look at a business, all you’d need to do is take a look at their inventory management metrics. These inventory metrics and other key performance indicators (KPIs) can tell you right away how a business defines itself, conveying the trends most important to the company. Inventory management software allows businesses to more effectively manage their KPIs and outline the most effective behaviors for a supply chain operation in a quick, easy-to-understand way.

Louis ColumbusThe 10 Most Important Inventory Management KPIs and Metrics
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Fishbowl Inventory vs NetSuite

Undoubtedly, you’re already familiar with the massive impact small and mid-sized businesses have on our society and economy. And if you’re reading this article, you’re probably even more aware of the numerous inventory management software companies willing to cater to those SMBs. This abundance of choice is definitely a good thing, but products can start to seem the same with so many options. To save you time and energy, we’ve created an extensive comparison of the top features of Fishbowl Inventory vs NetSuite.

Fishbowl Inventory and NetSuite Supply Chain and Inventory Management are two very similar products with scores that differ by only four points on our Leaderboard. You’ll have to look closely to see which Inventory Management software offers you all the requirements your company needs. Use our comparison chart to see which vendor can provide more of what you need and determine with confidence which system is best for your company.

Kim O'ShaughnessyFishbowl Inventory vs NetSuite
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9 Best Shipping Software That Will Cut Costs and Reduce Errors

Shipping costs are rising at an almost implausible rate — seven times faster than product costs. But if you intend to get your product to your customers, there are costs you’ll have to endure. As such, you’ll want to ensure accurate shipping management to reduce costs wherever possible. The best shipping software provides you with all the necessary tools to prepare your products to be sent out while minimizing errors. These products automate the labeling process and provide multi-carrier shipping solutions to help keep thin margins from getting any thinner.

Kim O'Shaughnessy9 Best Shipping Software That Will Cut Costs and Reduce Errors
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Inventory Management Software Features and Requirements Checklist

As you surely know, effective inventory management is no easy feat. This is especially true if your business relies on manual administration of the tasks involved. Thankfully, there are solutions available to manage your inventory more efficiently, saving you time and money. Inventory management software provide a suite of tools to help businesses control their inventory processes. But every business has different needs. So, you’ll need to make sure you choose a system that’s the right fit. To make your selection a little easier, we’ve created a list of some of the most popular inventory management features and requirements.

SelectHubInventory Management Software Features and Requirements Checklist
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Cloud-Based Inventory Management – What is it and Top Solutions

For almost all businesses, inventory management could be considered the “meat and potatoes” of corporate life. It may not be as glamorous as PR or as well recognized as digital marketing, but it’s the process that keeps everything moving. Without a close eye on your stock, there’s no way to tell what you need, what you’re selling or how much money you stand to make.

SelectHubCloud-Based Inventory Management – What is it and Top Solutions
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What is Just in Time Inventory Management (and What Software Should You Use)?

Managing inventory and storage can be costly. Therefore, businesses are always looking for ways to reduce the need for warehouse space and lower expenses in the process.

One of the most innovative and effective approaches for doing so is by using Just in Time (JIT) inventory. It can not only help reduce the expenses associated with inventory management, but also greatly improve operational efficiency, which has benefits reaching far beyond just inventory.

SelectHubWhat is Just in Time Inventory Management (and What Software Should You Use)?
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How the Internet of Things (IoT) is Revolutionizing Inventory Management

The greater the speed, scale and accuracy of data collaboratively shared across supply chains, the stronger supplier networks become. The world’s best-performing supply chains, as defined by Gartner earlier this year in their annual Supply Chain 25 List, are all using digital transformation technologies including the Internet of Things (IoT) and predictive analytics in full production environments. IoT is revolutionizing every aspect of these world-class supply chains.

Louis ColumbusHow the Internet of Things (IoT) is Revolutionizing Inventory Management
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Differences Between Inventory Systems in Retail, Manufacturing and Distribution

Today, almost all businesses make use of stock control and inventory systems. The movement and management of resources plays a big part in the smooth functioning of retail stores, warehouses, wholesalers, distribution companies and more. After all, if you don’t know how much you’ve got, you won’t know how much money it’ll make.

SelectHubDifferences Between Inventory Systems in Retail, Manufacturing and Distribution
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Best Practices in Stock Control

Some people call it stock control. Others call it inventory control or management. Regardless of what you call it, whether you think of the materials used for business processes as stock or inventory, this type of operations management is important, and plays a critical role in a business that ships products to customers.

SelectHubBest Practices in Stock Control
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Should I Use Vendor Managed Inventory Systems?

The traditional method of supplying a customer is, of course, to wait for an order or request. The customer places a purchase order for the goods or products they need, and the supplier responds. It’s their job to process the purchase order, take payment, and prepare it for delivery. While there are no major flaws in this system, there are times when it could be carried out much faster.

SelectHubShould I Use Vendor Managed Inventory Systems?
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The Ins and Outs of Inventory Management Systems

Inventory management systems are important to today’s businesses. Having a targeted and comprehensive inventory management system can save a lot of money, helping them pursue operations in a more successful way. If you haven’t heard much about these powerful business tools, read on; we’ll be covering practically everything you need to know about inventory management systems.

SelectHubThe Ins and Outs of Inventory Management Systems
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Software for Inventory Audits

Managing inventories and orders is a critical component for any inventory-based business. The inability to track these items can lead to delayed orders, lost orders, and in a worst case scenario, a loss of customers. Carrying out inventory audits on a regular basis is essential to ensure that you avoid any operational headaches. That’s why businesses have turned to inventory audit software to save time, effort and money.

SelectHubSoftware for Inventory Audits
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5 Benefits of Inventory Tracking Software

Inventory tracking and inventory management tools are important for today’s companies. Having a targeted and comprehensive inventory tracking software can save businesses a lot of money, and help them pursue operations in a more successful way. Below are just a few of the major benefits that come with implementing these modern inventory tracking solutions.

SelectHub5 Benefits of Inventory Tracking Software
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