AdvStock Inventories

One of the biggest mistakes many small businesses make is taking inventory management lightly. Small business owners prefer to manage their stocks manually for various reasons, such as saving money, not wanting to leave behind the traditional method, and thinking that their inventory isnÕt high enough to warrant a system. Despite the rising demand for retail inventory software over the past five years, only 18% of small businesses use it. If you belong to 82%, itÕs time to reconsider! The Problem with Traditional Inventory Management The biggest downside of traditional inventory management is its dependence on buffer inventory. Companies keep large amounts of inventory to anticipate emergencies and spikes in demand, fully relying on forecasts and manual observations. While it sounds good on paper, this method has several massive flaws: Waste of space . Keeping large amounts of inventory requires a lot of space, and that can be expensive in the long run. Even if you don't need to re...

When running a retail store, the stockroom of your business is just as important as the store layout. You may spend tons of hours and resources designing the perfect storefront and layout, but the results will never be optimal without good stockroom organisation. A well-managed, organised stockroom helps to improve your store’s efficiency in serving the customers. It also reduces the risks of stockouts, overstocking, and theft – saving you from monetary loss. If you’re on board with that, follow these practices to organise your retail stockroom for success. Maximise your vertical space. If your stockroom has high ceilings, bring in tall shelving racks to use the available space. Consider investing in well-built stools and ladders to make navigating the shelves easier. Otherwise, rearrange the layout to align with your workflow. For example, you can move everything that’s not inventory to the back to make restocking more efficient and place popular items near the front for easier access...