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Why Are My Inventory Audits Always Incorrect?

Why Are My Inventory Audits Always Incorrect?

Sound familiar? After finally getting around to their annual inventory audits, some businesses uncover major inaccuracies and are puzzled as to their cause. Conducting routine inventory audits using the right inventory management system ensures that items on a balance sheet actually exist and are owned by a company. They also evaluate the condition of the inventory, noting items that are ... Read More »

How to Select the Right Inventory Control System

Select the right inventory control system from System ID.

An inventory control system uses barcodes or RFID to automatically manage and track physical items such as products, consumables, fixed assets, and equipment. With the right solution, companies can reduce unnecessary expenses and significantly improve productivity. The challenges of inventory management Inventory levels constantly change as items enter and exit manufacturing plants, warehouses, and distribution centers. Not only is it critical ... Read More »

The ABCs of Inventory Management

ABCs of Inventory Management

Inventory management may sound complex. But in reality, it’s as simple as A, B, C. A is for automation. Many small businesses still track inventory with a spreadsheet, pencil, and paper. Employees grudgingly count inventory items by hand, writing down their findings as they go. These manual counts may take days or weeks, with paper-based tallies handed to whomever manages ... Read More »