A Brief Historical Background of EAN & UPC When barcodes were introduced in the United States back in the 1970s, the Universal Product Code (UPC) was the only type available. It led to a revolution in inventory management and the customer checkout process. With the passage of time and the expansion of global trade, the […]
EAN vs UPC: The Complete Barcode Comparison Guide Read More »
What is Cycle Counting? Cycle counting is an inventory tracking process that counts only one section of the inventory at a specific time. Instead of counting the entire inventory, which could take days or weeks to complete and may need to halt the supply chain, cycle counting counts a specific section of the inventory at
What is Inventory Cycle Counting: Benefits & Best Practices Read More »
What is a Bill of Materials (BOM)? A bill of materials (BOM) is a comprehensive list of items, parts, assemblies, drawings, documents, and other materials needed to create a product. It includes information related to each item’s required quantities, specifications, and quality. Think of it as a recipe used to build a final product. To
How to Make a Bill of Materials (BOM) the Right Way Read More »
What is Kitting and Bundling? Kitting and bundling is a process of grouping products together to sell them as a single product. However, where they differ is the products being grouped. When you create kits, you package separate but related items as a single unit, which becomes one SKU. For example, someone purchasing a new
What is Kitting and Bundling? A Detailed Guide on Kits and Bundles Read More »
The use of barcodes in inventory management is not new—it has been a standard practice for decades. The main question is how to set up a barcode inventory system. Many rising businesses tend to switch from manual inventory management to a proper barcode system to better manage and track inventory. Therefore, we have compiled this
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What is 3PL (Third-Party Logistics)? 3PL (third-party logistics) refers to outsourcing inventory operations to a reliable external service provider. The provider can handle almost all inventory-related activities, including: Warehousing – Arrange warehouse space, organize inventory, track stock levels, manage inventory supply, etc. Order Fulfillment – Process, pick, pack, and ship orders. Transportation – Manage logistics. And
Inventory Management with 3PL: How is a 3PL Inventory Management System a Game-Changer Read More »
What is Inventory Accuracy? Inventory accuracy is the metric that reflects the differences between the actual inventory in the warehouse and the amount entered in the inventory record. 100% inventory accuracy means that the physical stock matches the inventory records. For example, if you have 980 units of products on the shelves, the same number
6 Tips to Improve Inventory Accuracy by Over 90% Read More »
Scanning technology and systems are crucial to improving inventory accuracy. With scanning solutions, you can reduce human errors related to misreading or mislabeling and expedite the shipping processes. Mobile SmartScan is a scanning system that streamlines inventory management and enhances accuracy in inventory tasks. Therefore, let’s discuss the Mobile SmartScan solution and understand how it
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Efficient inventory management is essential to fulfilling customers’ demands on time. In the growing competitive era, businesses must exceed customer expectations by delivering top-notch products and keeping their inventory current and active. However, it is not unusual for businesses to struggle with inventory management challenges. In the U.S., inventory accuracy is 63% in retail operations,
Top Inventory Management Challenges and How to Solve Them Read More »
