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A female employee checking inventory in a warehouse

The Benefits of Conducting Regular Inventory Counts for Your Business

There is a discrepancy between the inventory recorded in the system and the actual inventory held in the warehouse. Company A discovered this through inventory counts, which is the process of verifying the accuracy of the quantity of physical inventory against the system-recorded inventory. It involves physically counting the items

Scanning Barcode

Barcodes vs. QR codes. What's the Difference?

What do you need to manage inventory? For starters, you need items, warehouses, and people. Something else that is essential that may be overlooked is barcodes. Barcodes are essential for fast inventory tracking, efficient sorting, and organizing of items. While it is possible to manage inventory without barcodes, no one

A female employee checking inventory in a warehouse

Does Your Product Have a Lifespan?: Managing Product Life Cycle (PLC)

The theory of Product Life Cycle (PLC) states that every product has a life cycle, starting with an introduction, development, growth, maturity, and decline. This blog explores what each stage of PLC entails and inventory management tips for each stage of product life.

A male online shop owner forecasting demand on a laptop

Demand Forecasting Methods for Inventory Optimization

Establishing optimal inventory levels is crucial for companies to achieve operational excellence and profitability. The companies need to forecast demand and find the appropriate reorder point for their inventory. This blog presents two effective methods of demand forecasting to optimize inventory.

Full of inventories in a warehouse

Master the ABC Inventory Analysis: Comprehensive and Easy-to-Follow Guide

Master ABC Inventory Analysis. Categorize products into A, B, and C classes and apply effective inventory management strategies for each. Use BoxHero to identify best-sellers and avoid stockouts. Get weekly reports to make informed decisions. Simplify inventory management with BoxHero today!

Minimum Order Quantity signages on a wooden floor

Understanding Minimum Order Quantity (MOQ)

This blog post emphasizes the importance of Minimum Order Quantity (MOQ) and how it can affect the pricing and inventory levels of products. Understanding MOQ is crucial when placing orders to avoid excess inventory or high purchase prices.

An inventory manager checking quantities of inventories in a warehouse

Master Confusing Inventory Management Lingo - Part 2

In our previous series on how to “Master Confusing Inventory Management Lingo” (Part 1), we introduced some of the most commonly used yet misunderstood inventory management terminologies such as Safety Stock, Reserve Stock, and Inventory Maintenance Cost. If you find yourself asking, “How can I put better inventory management into