article thumbnail

Are Ghost Assets Haunting Your Inventory Control?

Supply Chain Game Changer

When these assets are discovered, it’s important to get an accurate valuation for them right away so that they can be listed on tax documents and possibly to speak to a tax attorney about retroactive tax liability. The Supply Chain Control Tower! The post Are Ghost Assets Haunting Your Inventory Control? An Assessment!

article thumbnail

Inventory Control Simplified: Free Downloadable List Templates | Ecommerce

Finale Inventory

Inventory control is a vital aspect of running a successful ecommerce business. By effectively managing your inventory, you can avoid shortages, overstock situations and minimize the risk of financial loss. On the flip side, efficient inventory control helps you avoid stockouts, keeping your customers happy and loyal.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Who’s Who in Logistics Department: A Comprehensive Guide to Key Roles

SCMDOJO

Order processing also includes picking, packing, and preparing products for shipment, as well as generating necessary documentation such as invoices and shipping labels. This includes optimizing storage space, implementing proper inventory control systems, and ensuring the safety and security of goods.

article thumbnail

QuickBooks Barcode Scanner: Making Inventory Management Easy

Finale Inventory

At the heart of efficient inventory control lies a robust barcode inventory system. Picture a warehouse worker scanning received items – each beep of the scanner triggers an automatic adjustment in QuickBooks, maintaining perfect alignment between physical and digital inventory.

article thumbnail

Transfer Orders: Simplifying Warehouse Operations in Ecommerce

Finale Inventory

Transfer orders are documents or electronic requests used to move on-hand inventory from one location to another. They are particularly crucial in businesses with multi-warehouse operations and Amazon FBA because moving the correct stock is crucial for maintaining inventory balance and meeting customer demand.

article thumbnail

Supply Chain Department – A Typical Structure

SCMDOJO

Demand Planning and Inventory management Inventory management is crucial for ensuring adequate stock levels and minimizing carrying costs. By implementing inventory control techniques, such as just-in-time (JIT) or vendor-managed inventory (VMI), businesses can optimize inventory levels and improve cash flow.

article thumbnail

Optimize Inventory With a Retail Barcode Inventory System

Finale Inventory

Getting it right from the start saves countless hours of troubleshooting and prevents inventory discrepancies down the line. Implementation Steps Begin with a comprehensive inventory audit to establish accurate baseline data. Count every item manually and document current stock levels, product categories, and storage locations.