When businesses and organisations make purchases, each one has to be justified and accounted for. All purchases should be recorded in detail so they can be easily reviewed when needed. However, managing purchase orders (PO) can get complicated. The bigger your business and supplies are, the more challenging it can get. This is where an efficient purchase order management process comes into play!
A good warehouse management system can aid your organisation’s operational efficiency. It can also help in inventory management and control. Even though you will find various warehouse management systems in the market, you need to choose one suitable for your organisation.
Maintaining a small or medium-sized warehouse inventory can test your limits. It is a task that requires nerves of steel along with proper planning. Inventory accuracy is one of the most crucial factors to run warehouse operations smoothly. In simpler words, inventory accuracy means that the warehouse stock is counted and matches perfectly with the number of products shipped from the factory.
A team from the Institute of Supply Chain Management are once again taking part in a charity walk to support Walking With The Wounded’s ‘Walking Home For Christmas’ campaign.
Excel is always talked about as an essential component in any modern business, yet few people understand just how crucial Excel can be to a successful operation. The package has many formulas and functions that can be used in data analysis, reporting, and planning. It's also versatile and can be customised to meet the individual needs of each business, department or user.
For most multi-channel businesses, inventory is their primary balance sheet asset. Location and slotting control aid you in tracking product within your warehouse and during the order-fulfilment process. But, what can you do to improve the efficiency of your warehouse operations and reduce costs?
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