Improving the speed and consistency at which you meet your customers’ needs is the best way to maintain an advantage over competitors. You must be reliable, reduce wait-time, and offer solutions quickly, making it easy for customers to do business with you.
Topics: inventory management, inventory, john shepperson, oates co, stockroom, sales floor, supply and demand
Posted by John Shepperson | Oct 7, 2015 11:30:00 AM
There are few things more beneficial for a business than having employees who are experienced in their industry and in that particular facility. Because every business is different, and every business has strengths and weaknesses, long-term employees are valuable for running processes with the strengths and weaknesses in mind. This is especially true for inventory management, because the longer an employee works at a business, the more they learn. They know their stockroom's layout, how to use the inventory management system, and they have a handle on what sells well and what doesn’t. Utilizing these employees’ skills can improve your inventory management, improve customer service, and lead to higher profits.
Topics: inventory management, inventory, multi-site, expansion
Posted by John Shepperson | Sep 30, 2015 11:04:00 AM
Every smart manager knows that a thriving business requires constant attention to remain thriving. Employees, for example, must receive the proper training and be in a positive, healthy environment. Some industries have certain procedures and regulations to follow/meet, and you must craft your customer service regulations and methods with your strategic plan in mind.
Topics: inventory management, inventory, john shepperson, oates co, inventory management software
Posted by John Shepperson | Sep 23, 2015 2:30:00 PM
The stockroom is one of the most important parts of a successful business. Customer service, employee training, advertising, and other business processes are also important, of course, but good inventory management is critical. Without keeping an appropriate amount of physical inventory in stock based on sales numbers, you won't meet your financial objectives. Inventory management is easy at a single location, but a greater level of attention must be given to physical inventory when one is considering business expansion.
Topics: software, inventory management, inventory, john shepperson, oates co, business growth, inventory management software, expansion
Posted by John Shepperson | Sep 16, 2015 11:00:00 AM
Starting a business involves a long list of “to-dos” – choose a location, hire employees, obtain building or operating licenses, advertise, etc. Once you are up and running, you must manage employees, organize shipping and receiving schedules, handle inventory, deal with customers, and more. With so much work to do, many businesses are utilizing inventory management software to make at least one task easier.
Topics: automation, inventory management, inventory, john shepperson, oates co, inventory management software
Over the years, businesses have created and implemented numerous different inventory management techniques in an attempt to improve profit through decreased costs. Although each system works in a different way, the following principles are universal to inventory management. Along with a good enterprise resource planning (ERP) system, these 6 steps are the key to good inventory management.
Topics: ERP, enterprise resource planning, inventory management, inventory, budget, john shepperson, oates co, forecasting, turnover ratio, perpetual inventory, purchase procedures
Posted by John Shepperson | Aug 19, 2015 11:00:00 AM
Every good business needs enthusiastic staff members, experienced managers, and a well-stocked inventory to give customers the best experience possible. But sometimes you want your business to exceed expectations and go above and beyond when it comes to being a first choice for customers.
Topics: customers, inventory, john shepperson, oates co, customer service, forecasting, purchasing trends
Posted by John Shepperson | Aug 12, 2015 2:30:00 PM
It’s easy to take the conveniences provided by a well-operated business for granted. Most people simply walk into their favorite store or log onto the store’s website and make a purchase without thinking too much about the intricate process going on behind the scenes. Of course, as a good business owner, that’s exactly what you want your customers to be able to do.
Topics: inventory, john shepperson, oates co, inventory software, selling patterns
Posted by John Shepperson | Jul 29, 2015 2:30:00 PM
When a supplier puts together a quote, there are several things they take into account. Two of the most important are minimum order quantities (MOQs) and price quantity breaks. These concepts affect how much you pay for the goods but, more importantly, they impact how you should manage your inventory.
Topics: inventory management, inventory, john shepperson, oates co, supplier, inventory management software, price quantity break, profit margin, minimum order quantity, moq
Successful production-based businesses often spend significant amounts of time trying to streamline production. Aligning your product output with consumer consumption will improve efficiency as well as reduce overhead operating costs. The secret to this is successful inventory management techniques.
Identifying the right processes and tools for successful inventory management is a difficult task. There are a few common inventory management mistakes that businesses make. They include:
Topics: automation, software, inventory management, inventory, john shepperson, oates co
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