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Insight

Workers discussing a business plan with statistics.

Inventory Management KPIs You Need to Know

KPIs (Key Performance Indicators) are a great way to assign importance to departmental tasks that matter to company-wide performance. Various KPIs outline a company's efficiency and the management status of business functions. From logistics to finance, operations, sales, and inventory management, statistics for a specific KPI will provide

Rows of Inventory laying on the shelf

What is Dead Stock? ☠

How do you run a successful business? Some may say through excellent marketing, competitive sales team, or even great lighting in your store. Among the various business tactics, there is one factor that can unexpectedly hinder your performance. That detrimental factor is dead stock. Retailers have many challenges when it

Open office space of a small business

Wisely Manage Assets in a Small Business

Every business needs to regularly keep track of tools and equipment since it allows you to increase profits and reduce the risk of loss. Creating a proper management plan helps you handle assets efficiently and effectively, especially when there are many disorganized assets, businesses may tend to lose track of

2 men shopping at a supermarket, looking at labels

How Barcodes Work and How to Make Them

Why Use Barcodes? Why do store cashiers scan barcodes? When looking at it from a business standpoint, the reason is 'efficiency.' Employees need to process transactions quickly and items tend to pile up at the checkout counter. Attaching a barcode to a product saves workers' time from

Man looking at a pin board with many designs

4 Most Effective Inventory Management Techniques

Effective inventory management is a critical aspect for success in a business. That is why numerous inventory tactics exist to help you become better at inventorying. In this article, let us learn about four key methods of inventory management that can be applied to most businesses! First, what is '

Forklift lifting pallets of plywood

What is Safety Stock?

Q. Why is inventory management important? A. Because every item in your inventory is MONEY. 💰 “Inventory is money sitting around in another form” -Rhonda Adams, USA today Inventory management and operations are always at risk due to unpredictable variables. So, is there any way to avoid that risk? Today'

Business meeting with notepad and laptop

How Our Company Manages Business Assets with BoxHero

In the early years, our company encountered difficulties with tracking business assets as it required a lot of effort to locate them. We knew that the only solution for this problem was to manage them properly to protect our business’s profit. However, our company decided not to proceed with