Why Practice Inventory Control? Every company that is trying to get its grips around what they have talked about Inventory control. Companies that are trying to understand what they need to meet their demands are looking into Inventory Controls. The concept of Inventory Control is straight forward. Knowledge of what you have and what you […]
Data Conversion Do’s and Don’ts – Oracle ERP Cloud
Hi Everyone! If you have stumbled across this blog, I’m sure it’s because you searched “Data Conversion”. Like most, you have a boss to whom you answer, and your boss wants answers. So having done this now for 20 years and working in the Cloud for the last four, I’m in a pretty good position […]
Scheduled & Opportunistic Counting – How to understand the difference
The use of Scheduled and Opportunistic Counting will improve your inventory controls. Cycle Counting utilizes both of these methods of counting. The utilization of both methods will increase the accuracy of your on-hand reporting. Inventory accountants need this to confidently and accurately report these numbers to investors and banks. So, what exactly is scheduled and […]
Cycle Counting: How to effectively use – Item vs. Location
Cycle Counting is a key part of effective controls to maintain the accuracy and overall cost of Inventory. Physical Inventory Counts are critical to managing inventory accuracy and reporting on shrinkage. Effective Cycle Counting can eliminate or greatly reduce the need for Physical Inventory counting. Inventory accountants need to confidently and accurately report these numbers […]
5 Questions to See If You are Prepared for a WMS Solution
Sophisticated Warehouse Management Solutions have been popular in Distribution Centers and Warehouses for decades. In addition to distribution centers; manufacturers have also adopted these controls to increase accuracy and achieve cost savings. Although the ideal situation would be to implement WMS; your operation may not be ready for such a robust system. So, are you […]
B2B Digital Transformation: Determine Where You Fit
When organizations begin a digital transformation and eCommerce journey, they often focus solely on technology. In reality, there are business decisions to be made and opportunities to explore before technology even comes into play. After you’ve set your objectives and evaluated your market, you’re ready to find where you fit in the market. Explore opportunities […]