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The Mystery of the Missing Sock…
Posted on 8th February 2024Why is it just one sock always seems to go missing in the washing machine? It’s a common household problem that has baffled many of us. While this might bring a smile to your face, on a serious note, the sock analogy is interestingly rather like inventory management especially in the fast paced world of […]
Still Managing your Inventory with Outdated Manual Processes?
Posted on 5th February 2024Check out these key steps to optimising your inventory management… Optimising your inventory is all about maintaining the right amount of stock required to meet demand, keeping logistical costs low and avoiding common inventory issues such as stockouts, overstocking and backorders – ie running a lean inventory. Running a lean inventory ensures stock control is […]
Create a new BIN location for your warehouse
Posted on 2nd February 2024Create a new BIN location for your warehouse in Stok.ly. BINs can be pickable, non-pickable, quarantined, a tote and a pack station. Find out more about warehouse management and watch the video below. Contact us for more information |
“What is it?” Articles – WMS
Posted on 19th December 2023What is a WMS? WMS stands for Warehouse Management System and as it suggests it manages inventory in your warehouse. A Warehouse Management System (WMS) is an automated system designed to support and manage the day-to-day operations in a warehouse. Businesses can control and administer warehouse operations from the time goods enter a warehouse until […]
“What is it?” Articles – Inventory Management
Posted on 23rd November 2023What is Inventory Management? Inventory management involves monitoring and controlling a company’s inventory or stock. The primary goal is to ensure a business can always meet its customers’ demands without the burden of excessive stock. It ensures the right goods are at the right place at the right time. Inventory A company’s inventory is one […]
The Hidden Costs of Holding Excess Inventory
Posted on 9th October 2023January 10, 2023 Overcoming Modern Inventory Management Challenges “One of the most effective ways to reduce overhead is by reducing inefficiencies across the supply chain, from inaccurate stock data to excess inventory”. What is the cost in holding too much inventory? Excess inventory increases your carrying costs There is a high cost associated with warehouse […]
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