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How to measure stock on hand, over stock, under stock and dead stock quickly and simply

If you want your retail, distribution or manufacturing business to run smoothly, your inventory must be managed well. Carrying too much stock could be as detrimental to business performance as having too little.

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Topics: Job Role - Inventory/Operations

Recent posts

How to measure stock on hand, over stock, under stock and dead stock quickly and simply

If you want your retail, distribution or manufacturing business to run smoothly, your inventory must be managed well. Carrying too much stock could be as detrimental to business performance as having too little.

Read more

Topics: Job Role - Inventory/Operations

How to avoid and eliminate dead stock

Many companies have experienced a dead stock "graveyard" of products that can no longer be sold. Dead stock reduces cash flow that could be used to purchase new revenue-generating stock. It also takes up precious warehouse space that profitable products could occupy. Inventory management strengthens the success of any retail business. In this blog we’ll discuss ways to reduce dead stock.

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Topics: Job Role - Inventory/Operations

Data analytics for health and medical

When it comes to embracing electronic and digital information, the healthcare industry may be second to none. 

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Topics: Industry - Health and Medical, Job Role - Inventory/Operations

Make smart purchasing decisions with business intelligence

Smart purchasing and stock optimization boosts your organization’s bottom line. What am I buying, selling, holding and what’s the cost? It’s a messy ask, report-wise. 

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Topics: Job Role - Inventory/Operations

What comes in MUST go out

Using Phocas to analyze your sales history and customer behavior is our customers’ bread and butter. We can tell you how many left-handed screwdrivers and tins of striped paint you have sold to family-owned construction businesses in North Smithfield in any state, in any region, at any year since the dawn of your data.

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Topics: Job Role - Inventory/Operations

Operations and Inventory Managers – take stock with business intelligence

In the Phocas webinar on Inventory Intelligence, we discussed how business intelligence plays an important role in managing inventory. We learnt that managing stock levels is hard enough, let alone trying to keep key reports up to date.  Make one or two mistakes and it can be costly! 

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Topics: Job Role - Inventory/Operations

There is More to Reporting Than Just Sales

If you read my last blog about being the data hero, you'll know how easy it can be to become the company hero.

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Topics: Job Role - Inventory/Operations

Improve Stock Control and Reduce Sales Costs With BI

Some thoughts from a Business Intelligence perspective.

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Topics: Job Role - Inventory/Operations

Stock Coverage: Do You Have Enough?

Anyone who manages inventory is familiar with Stock Coverage.  The question is, how do YOU measure it? 

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Topics: Industry - Wholesale Distribution, Job Role - Inventory/Operations

[VIDEO] Success Story-Michael Smith (Director, Johnston Companies)

In this video blog, we speak to Michael Smith (Director of Operations at Johnston Companies). 

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Topics: case study, On-demand Videos and Webinars, Industry - Building & Industrial Supplies, Job Role - Inventory/Operations

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