Inventory Management Tips

November 9, 2011

November 9, 2011

[wpseo_breadcrumb]

Categories

When was the last time your business audited its inventory management system? Chances are it’s been way too long. It’s estimated that in the retail industry alone, inventory inaccuracies due to bad systems in place account for nearly 15% or more than $5.59 billion in losses, according to the 2008 National Retail Security Survey Final Report. Here […]

46 Seconds to Discover Thousands of Wasted Dollars in your Business.

82% of companies find $12,000 wasted annually. How much are you losing?

nexus-feefighters-quiz-saving-money

When was the last time your business audited its inventory management system? Chances are it’s been way too long. It’s estimated that in the retail industry alone, inventory inaccuracies due to bad systems in place account for nearly 15% or more than $5.59 billion in losses, according to the 2008 National Retail Security Survey Final Report.

Here are some tips to make sure your business is abreast of new trends in inventory management:

1) Using barcodes is a pretty popular method of inventory management, and is especially useful when dealing with reverse logistics (like returns).

2) The SBA has a nifty pdf that gives many tips for inventory management ranging from the purchasing plan to developing a strategy for controlling inventory.

3) There are many POS (point of sale) options which include inventory management systems. Using a POS can streamline the process and make your life easier by having everything in one place. Check out some options here.

Image thanks to Matthew C Wright

Reduce Credit Card Processing Fees

with FeeFighters

[comments-template]

Recent Posts

In today’s business world, the point of sale (POS) system has become a key part of operations for retailers. The POS system is involved in several aspects of a business, such as inventory management, funds, and managing the inflow and outflow of products and services within a store. Due to its unique position in key […]

What Is Sales Tax Compliance Outsourcing? (SALT)Ever since the South Dakota v. Wayfair court ruling that you don’t need to have a presence in a state in order to be required to collect taxes on sales there, tax law has never quite been the same. If you need to collect taxes in many states and […]

Knowing how to properly collect sales taxes in different states and jurisdictions is incredibly complicated. Different tax jurisdictions have different laws and rates, but accountants and tax lawyers are expensive. Worse yet, a tax mistake due to ignorance of sales tax law can lead to an audit or penalty that will cost your business a […]

Chargebacks are debit or credit card charges that have been disputed by customers. Sometimes these come in the form of chargeback fraud, but other times they are legitimate. When a chargeback happens, you have to deal with the acquiring bank and other entities in order to dispute it. Regardless of the reason for any given […]

© 2019 – FeeFighters, LLC – Call Us – (646) 448-8804

PO BOX 1459, MOUNTAINSIDE, NJ 07092

×