Inventory Management: Success To Your Business

INVENTORY MANAGEMENT

Any company with inventory knows that having the right inventory management system is the most important part of bringing profits to a business. Inventory management refers to the process of ordering, storing, using, and selling a company’s inventory; It includes the management of raw materials, components, and finished products, as well as the warehousing and processing of such items.

During COVID, most businesses in the healthcare industry, retail, etc.. suffered to meet the demand in the market. Below we’ve listed five advantages of outsourcing your inventory management.

 

Financial Savings

The number one advantage of an Inventory control management system is that it will help you save money a great deal from day one. Apart from saving time outsourcing your inventory saves you on labor, storage space, and hidden costs such as electricity, maintenance, water, and security. On average small businesses use $10,000 – $50,000 on establishing a warehouse team to track inventory. Large companies spend from $50,000 to $250,000 per year.

 

Advanced inventory management software

District Moving warehouses use warehouse management systems that include state-of-the-art RFID systems. You may be able to view your stock on hand in real-time and get reporting to help you set reorder points and safety stock levels. Our client dashboard puts all the information you need to manage your orders and inventory at your fingertips.

 

Reduced inventory costs 

Outsourced inventory management will cost you money for warehousing and storage fees. However, you may find the expense is more than offset by lower inventory costs. Here are just some of the ways you can save money:

  • Flexible storage reduces your overhead.
  • Reducing or eliminating shrinkage will increase your profitability.
  • Inventory management software can give you the data you need to improve your supply chain management and reduce costs.
  • When you set optimal stock levels, you avoid having too much inventory and too much money tied up in stock, so you have more resources to focus on business growth.

We’ve seen businesses increase their profits and expand their business by outsourcing their inventory management. That’s thanks to the money they save due to reduced shrinkage. We are always ready to extend a helping hand with inventory management—or anything else you need to improve your business.

 

 

 

 

An Environmentally Friendly Move

If you’re an environmentally conscious person who is in the middle of planning for a long-distance move, you may be wondering how your move may impact the environment. The residential movers at District Moving Companies Inc. have a list of tips you can follow to lessen your impact. Our movers are ready to help our customers do their part to protect the environment. 

Friendly Environmental tips

An average American moves 6 times in their life. Every move can be focused on protecting the environment and reducing your move’s negative effect on the environment. How to make an impact while moving:

1. Dispose of wisely: Dispose of chemicals, such as gasoline, oil, cleaners, and electronics and appliances according to environmental standards. 

2. Donate Unwanted/Excess Items: If there are household items, clothing, and non-perishable foodstuff you don’t want to bring with you, you can donate these items to local charitable organizations. 

3. Use Reusable Plastic Materials: Instead of using single-use plastic or foam packing materials, use soft household items like blankets, towels, or clothing to pad fragile items. 

TIPS FOR MOVING COMPANIES

Like every successful move, protecting the environment during amove begins with the moving company. Here are some things we do that can help the environment:

1. Combine Customer Shipments: We can reduce our fuel usage by combining different customers’ smaller shipments on the same truck if they are moving in the same direction. 

2. Use Reusable Packing Materials: When possible, we use moving blankets and rubber bands instead of plastic wrap, tape, and foam packing materials to reduce the amount of waste.