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The Inventory Mentor

Minimizing damaged inventory

Minimizing your inventory loss (part 2): damaged, spoiled, and expired inventory

In our previous article, we examined inventory loss as a result of theft and we gave some tips on how best to reduce these problems. This week, we’re going to look at reducing risk on... Read More

Inventory Loss via Theft

The types of inventory loss and how to minimize your risk (part 1)

Inventory loss is either a result of admin mistakes, spoilage/stock damage, expired product, or even theft – all of which can end up being a substantial amount of loss if there are no prevention plans... Read More

Inventory Control vs Inventory Management?

Inventory Control and Inventory Management – do you know the difference?

In today’s technologically advanced business landscape, you are doing a massive injustice to your business by not automating your inventory processes. It doesn’t need to cost you large sums, and you will undoubtedly see an... Read More

How Automated is Your Supply Chain?

How automated is your supply chain?

In previous articles, we have looked at the Real Cost of Inventory and at the Internal and External Factors that affect your inventory planning and management. In this article, we’ll look at Artificial Intelligence, IOT,... Read More

NETSTOCK and NetSuite

Meet NETSTOCK’s inventory experts at SuiteWorld19

NETSTOCK pleased to announce we’re a sponsor at SuiteWorld19, the annual NetSuite conference for customers, partners, media, and industry analysts. Our team will be at the Sands Expo & Convention Center in Las Vegas next... Read More

The real cost of inventory

The real cost of your inventory (and tips on how to reduce it)

Even though your company’s expenses, liabilities, assets, mark-ups, and margin calculations are mostly the responsibility of your finance department, it’s also important that your warehouse team and inventory planner understand the inputs involved in calculating... Read More

Supply chain risks affect inventory

Supply chain risk factors you need to balance

Achieving a balance between understocking and overstocking is an inventory planner’s daily reality. But there’s more to the job than just monitoring item levels — there’s an ongoing balance of risk factors, both internal and... Read More

IMS insights into supply chains

The 2 key insights your IMS must provide into your supply chain

In the previous post, we looked at the basics around the supply chain and, more specifically, we discussed how the supply chain applies to small and mid-sized businesses. In that post, we saw that a... Read More

Supply chain and SMBs

Supply chains and SMBs, explained

Many small and mid-sized businesses don’t think they have to worry about big topics like “supply chain”. They’re SMBs after all, and supply chain seems more like a problem for the big guys. But ignoring... Read More

Inventory Analytics Drive Profits

Inventory visibility is the advantage you need to grow your business

Getting the most out of your investment in inventory is daily issue for inventory-based businesses of all sizes. The increasing complexity of supply chains means your inventory team is likely struggling to understand what’s really... Read More