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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 to every business and every department, whether evaluating sales, marketing, operations, or purchasing.

    In the area of inventory management, dozens of KPI's can be measured depending on the nature of your business. As a Vendor Managed Inventory (VMI) provider, the metrics we value offer insight into both your inventory as well as our performance. We believe measuring the program, and the act of sharing with you this critical data is just as important as keeping stock on your shelves.

    Doug H. Reporting V1
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    Topics: Vendor Managed Inventory, Warehouse Management, inventory management

    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. This means preparing for the future, having the correct levels of inventory, monitoring your supply chain and more. If you’re still doing things the old-fashioned way, it might be time to ask yourself: Why? Why deal with uncertainties, unnecessary business challenges, and headaches that ultimately cost you money when there is an easy solution for your business. If you’re using out of date systems like spreadsheets, two-bin systems, and anything else leaving room for error, it’s time to consider new methods for growing your business.

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    Topics: Vendor Managed Inventory, Warehouse Management, inventory management

    The State of Industrial Vending Machines

    Posted by Admin on Mar 27, 2018 11:45:00 PM

    While it has been around for over a century, within the industrial supply sector, vending technology has been one of the fastest growing markets in about the last half-decade to help improve inventory management.

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    Topics: Warehouse Management

    The Future of Warehouse Management & Logistics

    Posted by Austin Hardware on Feb 15, 2018 12:14:00 AM

    "Warehouse management and logistics face tremendous challenges due to the consistently growing e-commerce sector. Whereas brick-and-mortar store logistics are subject to general regulations (most notably due to business hours), online retailers experience almost no limits when it comes to time and quantities. This is why warehouse logistics has to be flexible as it pertains to time and the capacity to store a wide range of products. It requires space-saving storage options and most notably adequate manpower to process these orders."

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    Topics: Warehouse Management

    Finding the Right Partner: Selecting a VMI Provider

    Posted by Austin Hardware on Jul 19, 2017 12:22:00 AM

    In your business, you have a multitude of buy-sell relationships. Wouldn’t having a partner be more efficient and beneficial? With a Vendor Managed Inventory (VMI) program, you can have just that! Aside from having a close relationship with your supplier, there are a variety of benefits to utilizing a VMI program such as cost savings, forecasting, inventory management and more.

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    Topics: Vendor Managed Inventory, Warehouse Management