Episodios

  • Episode 17: 15 Warehouse Optimization Tips to make your work better

    Episode 17: 15 Warehouse Optimization Tips to make your work better
    May 26 2022
    What is Warehouse Optimization? Regardless of the size of your warehouse, warehouse optimization is critical to your company’s success. It’s about using the space, equipment, and resources available effectively to keep your warehouse working smoothly. Thereby reducing mistakes and improving flexibility, staff management, and increased customer satisfaction. To do that, you can apply a number of ways such as detailed and reasonable planning; work process automation. Understand product velocity Product velocity is defined as the rate at which that type of item is sold over a given period of time. In an inventory, there will be items that sell faster than others, whether during special sales or seasonal products. Therefore, such items should be prioritized to be placed somewhere that can be easily received and packed in the warehouse. You should put them on the shelves close to the parking area instead of on the upper shelves. This will save staff time when picking up items and speed up warehouse operations. https://blog.efex.asia/warehouse-optimization/
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    2 m
  • Episode 16: 15 Vendor Management KPIs (Key Performance Indicators) You Should Know

    Episode 16: 15 Vendor Management KPIs (Key Performance Indicators) You Should Know
    May 26 2022
    The connections you make with your vendors may have a significant influence on your procurement function’s capacity to create value for your firm as well as your organization’s overall bottom line.  However, you cannot rely on every provider to execute their job on their own. You must keep track of the progress over time to ensure they are meeting their contractual responsibilities. Key performance indicators for vendor management will help you achieve that. You can set a rich, data-driven approach to supplier management that is associated with high value, low risk, and strategic sourcing by developing, monitoring, and adjusting vendor management KPIs. https://blog.efex.asia/vendor-management-kpi/
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    3 m
  • Episode 16: 15 Useful Tips To Improve Inventory Management

    Episode 16: 15 Useful Tips To Improve Inventory Management
    May 26 2022
    Inventory management includes all procedures that affect your inventory, from ordering and receiving goods, to storage and use to order fulfillment. This effort requires a significant amount of data, such as your current inventory and sales volume. As a result of this data collection, inventory management has become an essential component of market demand forecasting. The more accurate and valuable this information is, the better the inventory management will be. Simply put, understanding your inventory and how to manage it will help your company meet the requirements of today while growing to meet tomorrow. Now, let’s look at five techniques that have been selected to help you capitalize on growth prospects. https://blog.efex.asia/improve-inventory-management/
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    2 m
  • Episode 15: 15 Tips to improve warehouse layout fast and effectively

    Episode 15: 15 Tips to improve warehouse layout fast and effectively
    May 26 2022
    Regardless of the size of your facility, an effective warehouse plan begins with an accurate 2D description. This can be done with physical or digital paper drawings with design software. Physical Schematics If your warehouse is very large or has an unusual appearance, using a copy of the warehouse plan is the simplest approach to building a physical design. You can use the owner’s drawings they provide when you rent. If you can’t find a blueprint, you can easily create your own inventory diagram using checkered paper. Plan your layout as if one square on the checkerboard equals one square meter in your warehouse. As a result, the spatial connections in your design will correspond to your real space. https://blog.efex.asia/improve-warehouse-layout/
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    2 m
  • Episode 14: 15 Techniques Of Inventory Control You Need to Know

    Episode 14: 15 Techniques Of Inventory Control You Need to Know
    May 26 2022
    Large shipments  This inventory technique is built on the concept that purchasing and transporting products in large quantities is often inexpensive. Bulk transportation is one of the most widely utilized methods in the industry, and it can be applied for items with high consumer demands. The drawback of this technique is that you will have to pay extra money on storage, while it is often offset by the amount saved by purchasing high quantities of items and distributing them rapidly. Pros Highest profitability potentialDecrease transportation expenses as a result of very few shipmentsSuitable for products with a stable demand as well as a long shelf life.Capital risk possibility at its highestStorage expenses have risen as a result of the increased holding chargesHard to adjust promptly when demand fluctuates.https://blog.efex.asia/techniques-of-inventory-control/
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    3 m
  • Episode 13: 15 (OMS) Order management systems for small business in 2022

    Episode 13: 15 (OMS) Order management systems for small business in 2022
    May 20 2022
    QuickBooks is a well-known brand in the accounting software industry. This program provides a wide range of capabilities on a single platform, allowing you to access and complete all of your accounting tasks in a single location. Though QuickBooks is a well-known brand in the accountancy software industry and has a wide range of functions, it is the finest order management software since it enables just a few transactions and has a restricted number of users. Pros Increase the brand exposure and expand your market by utilizing numerous platformsTrack inventories and the fulfillment process from anywhere, at any timeConnect to other e-commerce platformsBusiness information and reporting tools to help you make the best decisionsCons Reversion to a Previous Version Isn’t PossibleMaintaining and adding features is costlyProcessing payments is more difficult than it should beThe Data Sharing Policies of Intuit May Raise ConcernsPrice The following price schemes are available: Simple Start: US$8/monthUS$12,50/month for necessitiesPlus: $17/monthAll options are chargeless for the first 30 days of trialhttps://blog.efex.asia/order-management-systems-for-small-business/
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    21 m
  • Episode 12: 15 Inventory Software for Small Businesses In 2022 ( Free + Paid )

    Episode 12: 15 Inventory Software for Small Businesses In 2022 ( Free + Paid )
    May 20 2022
    With Inventory software, small businesses can solve many of the problems they are encountering these days. Inventory management software is essential for building a system for tracking and controlling your inventory, particularly as your company expands. Inventory management software is now willing to assist businesses to speed up the process, decreasing errors, and improving how they handle and procure the stuff they offer. First, Let’s have a look at the inventory management system What is an inventory management system? Inventory management software is a tool that optimizes the tasks necessary to efficiently monitor inventory, manage to restock, and update accounting records by automating components of inventory and warehouse management. How does inventory management software work? The significant majority of inventory management software is now cloud-based, and most experts endorse it. Cloud-based software eliminates the need for servers and IT workers, as well as the need to develop your own cybersecurity strategy.  Instead, cloud-based software is handled by the software firm, thus choosing a provider with strong quality service is critical. Cloud-based software is typically available as a monthly subscription, and when partnered with a reliable vendor, can considerably lessen the load of software management. When a small firm is just getting started, it can be difficult to secure funding, attract customers, and manage inventory. As small businesses expand, people believe they must abandon their accounting software in favor of a more expensive solution in order to take their company to the next level. https://blog.efex.asia/inventory-software-for-small-businesses/
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    2 m
  • Episode 11: Top 15 Best Practices For Inventory Management and Inventory Control

    Episode 11: Top 15 Best Practices For Inventory Management and Inventory Control
    May 20 2022
    nventory management is critical for any business looking to improve its merchandising process. Having the appropriate system in place enables better product tracking, more organization, more accurate data and reporting, and enhanced warehouse efficiency, contributing to increased income.  This blog will provide the 15 best practices for inventory management that you should check out and apply to your inventory to improve your inventory management more effectively. What Are Inventory Management Best Practices? best practices for inventory management Begin With Your Data In Inventory Management Beginning with your available data is one of the inventory control best practices you should know. Smaller companies used to find it prohibitively expensive to use massive volumes of data efficiently. Today’s most effective methods revolve around data collecting, aggregation, and insights from the only source of truth. The inventory control software has altered the field by allowing small and medium-sized businesses to quickly create that only source of truth and profit from crowdsourcing learnings incorporated into the solutions themselves. Whether you are a major corporation or a small-to-medium-sized company, data-driven decision-making may assist you in getting results that will benefit your big or small business. https://blog.efex.asia/best-practices-for-inventory-management/
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    3 m