Fishbowl’s Post

Start A Smoke Shop 101: Inventory Optimization Use data to optimize inventory levels, reducing overstock and stockouts. #Smokeshoptips #StartASmokeShop #smokeshop101

We just released a brand-new video on our YouTube channel all about the key stock rotation techniques for different inventory types. 📦🔄 Whether you're managing perishable goods, seasonal items, or high-turnover products, this video covers essential strategies to keep your inventory fresh and efficient. Watch it now: https://lnkd.in/ej9273Un Don't forget to like, comment, and subscribe to our channel to stay updated with more valuable insights and tips! #InventoryManagement #StockRotation #SupplyChain #BusinessTips #YouTube #3pl #Logistics

Quick reference for active inventory levels. While inventory is rising in many markets, it is still well below pre-pandemic levels.

Where is your business on the inventory maturity curve? Netstock can help you optimize your inventory through efficient solutions. Learn more here: https://lnkd.in/gSgMrdpE #inventorymanagement

📦 Prevent Overstocking: Overstocking can tie up your capital and lead to waste. Our inventory management solutions help you keep optimal stock levels. Learn More: https://lnkd.in/gbQx-UHN #InventoryManagement #PreventOverstocking #FinancialEfficiency

Inventory costs can be cut by 10% by reducing stock-outs and eliminating over-stocking with excess inventory. Delve into this and the other benefits of resolving this problem, and our services to do so ⇢ https://lnkd.in/erX2itRu

Inventory costs can be cut by 10% by reducing stock-outs and eliminating over-stocking with excess inventory. Delve into this and the other benefits of resolving this problem, and our services to do so ⇢ https://lnkd.in/eyHcunFh

Day 18: Inventory Turnover Ratio Track your inventory turnover ratio to gauge efficiency. A higher turnover rate indicates efficient inventory management and strong sales, while a lower rate may signal overstocking or slow-moving products. Use this metric to optimize your inventory strategy. #InventoryTurnover #InventoryManagement

Does your demand forecast align with your projected inventory levels? Calculating minimum and maximum inventory levels based on EOQs and Safety Stocks, combined with the Probability of Stocking Out, offers a simple and fast solution. Avoid getting lost in the details of future shipments and receipts - focus on achieving efficiency and accuracy in your inventory management. Give your attention to what needs it the most! #whatgoodlookslike #InventoryAnalysis

In global supply chains, volatility is the new normal. Swings on the demand and supply side cause constant headaches for supply chain teams. Volatility increases the chances of both stock outs and obsolescence. Getting inventories optimized is more valuable than ever. Many planning tools promise inventory optimization but most are limited by issues like data quality and complexity. Wouldn’t it be nice if you had a way of: - Knowing how close to optimal your inventories are, by item and overall - Pinpointing and addressing your data quality issues - Prioritizing your items to avoid shortages and obsolescence - Identifying where key parameters like safety stock and order size are furthest from optimal Now you do, thanks to nVstocks Inventory Evaluation from nVentic. Watch the video here: https://lnkd.in/ejAjGHFH #InventoryOptimization #SupplyChain