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Business management
solutions designed to cut
costs and improve efficiency
for food distributors
and processors.
Solutions to improve your business processes.
Are you searching for a better way to manage your business? Do you think this information should be made available to you free of charge? Well so do we! Download our informative Management Guides
to help you better understand and control your business. They offer practical advice and solutions that can help you improve every aspect of inventory management—for better efficiencies and
increased profits.
To download the How To of interest, click on the appropriate pdf icon.
Good inventory practices Keep your inventory counts current; this practice will ensure that you have enough stock on hand to fill your customers’ orders w/o overstocking your warehouse. Accurate and timely inventory receipts, adjustments and regular physical counts will help eliminate time and money spent when you do not have a clear picture of the warehouse. |
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How do I setup item identification numbers for my inventory? Defining your Item ID’s can be critical if you carry a large number of items, or have many variations of each type of item. Create Item ID’s that are logical to you sales force, customer sales representatives and warehouse team; item ID’s that make sense are easier to remember and will make your overall operation more efficient. |
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When do I make inventory adjustments? Stock cost and quantity adjustments (due to spoilage, receiving errors, or theft) will keep both your inventory counts and costs more accurate. Accurate counts keep your warehouse more efficient; accurate costs provide accurate sales analysis gross profit numbers. |
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Out of balance stock situations When the inventory transactions in your software system (receipts, adjustments, and sales) don’t add up to the in stock quantity for an item, it is critical to be able to identify the problem and correct it. An audit tool that allows you to compare and view your in stock counts to the detailed transactions behind the counts should be run regularly to identify ‘out of balance’ stock situations. |
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What is physical inventory? Physical Inventory counts allow the user to physically count and record in stock quantities, and make adjustments to in stock counts if there is a discrepancy. Physical Counts can be take on the entire warehouse, or for just selected items. Regular Physical Inventory counts will not only keep your in stock counts accurate, but will also point out either poor inventory practices in the warehouse or possible problems such as theft or spoilage. |
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