Seraphim Larsen的动态

"Did you know that poorly conducted stocktakes cost businesses millions of dollars every year? From small stores to giant corporations, inaccurate inventory records can lead to: ? Overstocking or understocking ? Missed sales opportunities ? Wasted resources and higher costs For example: ?? Small Business: A local boutique lost $15,000 last year due to overordering seasonal products that never sold. ?? Medium-Sized Business: A regional supplier discovered they were sitting on $250,000 worth of unused inventory because their last stocktake missed key details. ?? Large Corporation: A global retail chain identified a $10M discrepancy during an audit — leading to massive losses from theft and mismanagement. Want to make sure this doesn’t happen to you? We’ve put together the ultimate guide to help you: ?? Steps To a Successful Stocktake ?? Common Stock Management Mistakes ?? Stocktaking World Standards ?? How Much Does the Stocktake Cost? ?? Comment “+” below, and we’ll send you a FREE PDF Guide to Conducting a Successful Stocktake! Start 2025 with clarity, control, and confidence in your business operations! #successfulstocktake #inventory #retail #stocktake"

?? Hard truth incoming… You can’t grow your retail business without mastering the core principles of inventory planning. Sorry, but it’s true. But don’t worry –?we’ve got a free webinar to teach you everything you need. Find out how to reduce excess stock, eliminate stockouts and improve cash flow –?plus tons more practical insights to empower your business decisions and boost your bottom line. Here’s what you’ll learn: ?? The fundamentals of inventory planning: Understand how to balance stock levels, avoid stockouts, and forecast more accurately. ?? Policies, processes, and procedures: Learn best practices for documenting and communicating your inventory policies to keep your team on the same page. ?? Cost control and storage: Get actionable tips on reducing holding costs and optimizing storage. ?? Save yourself a seat - register now! https://hubs.ly/Q02CLR5V0

Managing inventory is a major issue for many businesses, after all that is cash or future earnings tied up sitting in your warehouse. Too much inventory can drain your cash flow and cause serious issues for the longevity of your business, too little and the business will lose customers and sales and this will also affect the longevity of the business. Over the years we learn so much from our clients. Many years ago a client was explaining to me why he named his company Have Stock. He explained that he loved it when economic times were tough as every accountant would have their clients reducing their Inventory holdings. His particular stock, was not subject to technological advances, didn't go out of fashion and did not deteriorate. He maintained inventory levels and occasionally increased the levels, why? The standard answer that his staff had when competitors had run down their stock and customers were scrambling to fill orders, his staff were able to say Yes, we have stock. The below article is a good thought starter for you in relation to how you can manage the issue of Inventory Control.

??Learn how to find the perfect balance between low stock levels and overstocking in our recent article ?? https://bit.ly/4fGZ9OW "Purchasing and managing inventory can feel like a tightrope walk. Lean too far one way, and you’re left scrambling to fulfill orders with shelves running bare. Lean too far the other, and you’re drowning in excess stock that eats up valuable storage space and ties up cash."

Major Supply Chain improvements require just a small change in design. Improvement projects in supply chain need not be overtly complicated. In fact, most improvements require just a small change in a policy, process or practice. Of course, it is important to first identify which one is coming in the way. Let’s take an example. A company believed in pushing all their finished goods to the CFAs to improve their ability to serve sudden surges in customer demands. However, they suffered from both stockouts as well as surplus inventory. Once they realised that pushing stocks down the supply chain was the reason for this mismatch, they decided to hold the stocks upstream and push it down only to fill the downstream inventory buffers. A simple change in policy had a dramatic impact on product availability as well as product freshness. Would love to hear from you how a small change in a policy, process or practice led to significant improvements in supply chain performance… #supplychain #design #improvement #simplicity #inventory #deployment #stockouts #availability #freshness #buffer #policy #process #practice #toc #tocplus #poogi #primenuggets

5 ?????????? ???????? ???????? ?????????????????? ???? ???????????? ???? ???????? ??????????????: ???? ?? Excess Stock Levels ?? Stock-outs and Lost Sales ?? Ever-increasing need for space ?? Obsolete or Slow-Moving Items ?? Missing/ Informal System for EOQ & Reorder Level Why wait till you find your margins shrinking to take a closer look at your inventory practices? Let's establish systems to quantify your inventory in terms of money so you can informed decisions, optimise #CashFlow, and enhance #profitability of your business. --- ?? Hi I'm Meenu and I help companies control inventory. ?? DM me to discuss DIY/DFY ways to optimise your #InventoryManagement.

"Inventory shrinkage is a silent profit killer! It's estimated that shrinkage costs retailers billions annually, affecting their bottom line and competitiveness. Causes range from theft and fraud to administrative errors and supply chain inefficiencies. By implementing effective inventory management strategies and technologies, businesses can reduce shrinkage, improve accuracy, and boost profitability. Let's connect and explore ways to minimize shrinkage and maximize your business's potential! #InventoryShrinkage #RetailChallenges #SupplyChainOptimization"

Facing destocking challenges? ?? Distributor destocking is causing significant revenue drops, but with better forecasting, you can turn this around. Learn how to manage inventory and stay in stock. Discover strategies in the full article: ?? https://claret.la/4evnRBl ... #WineIndustryChallenges #Forecasting #SupplyChainOptimization

Ending up with excess inventory is an unfortunate but a usual part of running a product-related business and as a company, you have to make sure you plan ahead to avoid serious losses.? Here’s a couple of questions that all businesses should navigate through in order to figure out how to deal with excess inventory: Do I have enough liquidity to sit on this inventory? Will my product expire? Can it be resold, relaunched or recycled? Am I anticipating labeling or packaging changes in the near future? #ExcessInventory #InventoryManagement #BusinessOperations

Read about real-world successes in managing aging inventory. Our latest blog post shares valuable insights and best practices. https://lnkd.in/gue-a693 #CaseStudy #BusinessStrategy