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Inventory Management Reporting and KPI's

Posted by Austin Hardware on Jun 11, 2019 10:09:33 AM
     The Importance of KPIs The use of impartial, dispassionate data to measure business success is critical. It reassures you when you’re doing something correctly, and helps you make adjustments to your plan when needed. These metrics, often referred to as Key Performance Indicators (KPI's) apply...
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Topics: Vendor Managed Inventory, Warehouse Management, inventory management

How Does Custom Kitting Work?

Posted by Austin Hardware on May 17, 2019 3:43:00 PM
How does custom kitting work? Inventory kitting, custom kitting or bundling products together is a strategy that allows businesses to save time and money. Instead of buying products one by one, kitting is a way to buy all the parts and products you need – say for manufacturing a good – therefore...
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Topics: Vendor Managed Inventory

Reducing Lead Times

Posted by Austin Hardware on May 9, 2019 11:00:00 AM
Reducing Lead Times Why should you focus on your business' lead times? It's important to ask yourself this question, especially if your business is serious about getting things done. When it comes to your supply chain, reducing lead times is essential if you want real performance for your business....
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Topics: Vendor Managed Inventory

New Product | Heavy Duty Actuator With Modern Design

Posted by Austin Hardware on May 6, 2019 9:33:00 AM
"Southco has recently expanded on its successful line of mechanical actuators with a new version that combines reliable actuation with modern design. Constructed of high-strength, corrosion-resistant materials, the AC-11 Actuator features an ergonomic pull handle that is ideal for remotely...
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Topics: Latches, Products (General)

Two Bin Stocking System - Warehouse Inventory Management

Posted by Austin Hardware on Apr 17, 2019 9:50:00 AM
Are you a manufacturing company? If so, does your business depend on inventory to get by? If you answered yes to one or both questions you might be familiar with a two-bin system. A widely used inventory management system, a two-bin system basically deals with two bins to help you or your team keep...
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Topics: Vendor Managed Inventory, inventory management

Vendor Consolidation

Posted by Austin Hardware on Apr 11, 2019 12:59:00 PM
  If you’re considering vendor consolidation, you should consider that it is one of the easiest ways to control your supply chain. You are basically drastically reducing the number of vendors you deal with, therefore simplifying your business. Let’s face it, there are a lot of things that need to...
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Topics: Vendor Managed Inventory

Inventory Management Software - Why You Need It!

Posted by Austin Hardware on Apr 8, 2019 12:57:00 PM
Why Do You Need Inventory Management Software?   Inventory management is a crucial part of your business and having a solid system in place to help you run business is as important as your inventory. If your business depends on inventory you need to be sure that you are running things smoothly....
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Topics: Vendor Managed Inventory

What is Production or Manufacturing Inventory?

Posted by Austin Hardware on Mar 29, 2019 12:00:00 PM
What is Production Inventory? If your business produces a finished good, then you may be familiar with the concept of production inventory. Simply put, production inventory is the amount of goods you have on hand to complete the manufacturing process. It’s all the parts and supplies your business...
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Topics: Vendor Managed Inventory

What is inventory Management?

Posted by Austin Hardware on Mar 26, 2019 12:25:26 PM
    To keep things simple; inventory management is the management of inventory and stock.  If your inventory is managed properly it will mean you always have the correct levels of stock on hand. This has a lot of benefits for your business. For some, this is easier said than done. However, having...
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Topics: Vendor Managed Inventory

Recap from The 2019 NTEA – The Work Truck Show

Posted by Austin Hardware on Mar 12, 2019 4:12:14 PM
    We’re back from 2019’s NTEA aka The Work Truck Show in Indianapolis, IN. This year’s show was a success, and we were able to meet up with new and current customers, showcasing some of Austin hardware’s new and best products. In addition, we were able to lean in to our team members and product...
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