{"id":3024,"date":"2018-06-11T16:45:10","date_gmt":"2018-06-11T16:45:10","guid":{"rendered":"https:\/\/www.smithcorona.com\/blog\/?p=3024"},"modified":"2023-12-12T21:04:21","modified_gmt":"2023-12-12T21:04:21","slug":"6-ways-to-improve-inventory-control-warehouse-management","status":"publish","type":"post","link":"https:\/\/www.smithcorona.com\/blog\/6-ways-to-improve-inventory-control-warehouse-management\/","title":{"rendered":"Experts Share 6 Ways to Improve Inventory Control &#038; Warehouse Management"},"content":{"rendered":"<p><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"background-color: rgba(255,255,255,0);background-position: center center;background-repeat: no-repeat;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom: 0px;margin-top: 0px;border-width: 0px 0px 0px 0px;border-color:#eae9e9;border-style:solid;\" ><div class=\"fusion-builder-row fusion-row\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-one-full fusion-column-first fusion-column-last\" style=\"margin-top:0px;margin-bottom:20px;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><div class=\"fusion-text fusion-text-1\"><p><span style=\"font-weight: 400;\">Storage and inventory control is a crucial part of any business &#8211; big or small.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, there is much more to inventory control than people think and there are a lot of ways to improve your inventory control to make your company run more efficiently.<\/span><\/p>\n<\/div>\n            <div class=\"smith-corona-featured-image\">\n\n                <img src=\"https:\/\/www.smithcorona.com\/blog\/wp-content\/uploads\/2022\/09\/experts-share-6-ways-to-improve-inventory-control-warehouse-management-hero-splash.png\" alt=\"\" width=\"760\" height=\"460\" \/>\n\n            <\/div>\n        <div class=\"fusion-text fusion-text-2\"><p><span style=\"font-weight: 400;\">To ensure that you are getting the most accurate and useful information, we decided to interview experts on how they handle their inventory and warehouse. We then took all their answers to create the ultimate guide to improve your inventory control and warehouse management. <\/span><\/p>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-2 nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"background-color: rgba(255,255,255,0);background-position: center center;background-repeat: no-repeat;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom: 0px;margin-top: 0px;border-width: 0px 0px 0px 0px;border-color:#eae9e9;border-style:solid;\" ><div class=\"fusion-builder-row fusion-row\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-1 fusion_builder_column_1_3 1_3 fusion-one-third fusion-column-first\" style=\"width:33.333333333333%;width:calc(33.333333333333% - ( ( 4% + 4% ) * 0.33333333333333 ) );margin-right: 4%;margin-top:0px;margin-bottom:20px;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><div class=\"imageframe-align-center\"><span class=\" fusion-imageframe imageframe-dropshadow imageframe-1 hover-type-none\" style=\"-webkit-box-shadow: 3px 3px 7px rgba(0,0,0,0.3);box-shadow: 3px 3px 7px rgba(0,0,0,0.3);\"><img width=\"400\" height=\"400\" alt=\"Danna Crawford weighs in on how to improve inventory control and management\" title=\"Danna Crawford\" src=\"https:\/\/www.smithcorona.com\/blog\/wp-content\/uploads\/2018\/06\/Rya9KKkW_400x400.jpg\" class=\"img-responsive wp-image-3035\" srcset=\"https:\/\/www.smithcorona.com\/blog\/wp-content\/uploads\/2018\/06\/Rya9KKkW_400x400-200x200.jpg 200w, https:\/\/www.smithcorona.com\/blog\/wp-content\/uploads\/2018\/06\/Rya9KKkW_400x400.jpg 400w\" sizes=\"(max-width: 800px) 100vw, 400px\" \/><\/span><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"margin-left: auto;margin-right: auto;margin-top:5px;margin-bottom:5px;width:100%;\"><\/div><div class=\"fusion-sep-clear\"><\/div><style type=\"text\/css\"><\/style><div class=\"fusion-title title fusion-title-1 fusion-sep-none fusion-title-center fusion-title-text fusion-title-size-one\" style=\"margin-top:5px;margin-right:0px;margin-bottom:10px;margin-left:0px;\"><h1 class=\"title-heading-center\" style=\"margin:0;\"><h4 style=\"text-align: center;\"><strong>Danna Crawford<\/strong><\/h4>\n<p style=\"text-align: center;\">Business\u00a0Consultant and Marketer<\/p><\/h1><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-2 fusion_builder_column_1_3 1_3 fusion-one-third\" style=\"width:33.333333333333%;width:calc(33.333333333333% - ( ( 4% + 4% ) * 0.33333333333333 ) );margin-right: 4%;margin-top:0px;margin-bottom:20px;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><div class=\"imageframe-align-center\"><span class=\" fusion-imageframe imageframe-dropshadow imageframe-2 hover-type-none\" style=\"-webkit-box-shadow: 3px 3px 7px rgba(0,0,0,0.3);box-shadow: 3px 3px 7px rgba(0,0,0,0.3);\"><img width=\"400\" height=\"400\" alt=\"John Sidell answers questions on how he handles his inventory and warehouse\" title=\"John Sidell\" src=\"https:\/\/www.smithcorona.com\/blog\/wp-content\/uploads\/2018\/06\/John_Sidell.7219_1__400x400.jpg\" class=\"img-responsive wp-image-3034\" srcset=\"https:\/\/www.smithcorona.com\/blog\/wp-content\/uploads\/2018\/06\/John_Sidell.7219_1__400x400-200x200.jpg 200w, https:\/\/www.smithcorona.com\/blog\/wp-content\/uploads\/2018\/06\/John_Sidell.7219_1__400x400.jpg 400w\" sizes=\"(max-width: 800px) 100vw, 400px\" \/><\/span><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"margin-left: auto;margin-right: auto;margin-top:5px;margin-bottom:5px;width:100%;\"><\/div><div class=\"fusion-sep-clear\"><\/div><style type=\"text\/css\"><\/style><div class=\"fusion-title title fusion-title-2 fusion-sep-none fusion-title-center fusion-title-text fusion-title-size-one\" style=\"margin-top:5px;margin-right:0px;margin-bottom:10px;margin-left:0px;\"><h1 class=\"title-heading-center\" style=\"margin:0;\"><h4 style=\"text-align: center;\"><strong>John Sidell<\/strong><\/h4>\n<p style=\"text-align: center;\">Principal and Founder at New Course Group<\/p><\/h1><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-3 fusion_builder_column_1_3 1_3 fusion-one-third fusion-column-last\" style=\"width:33.333333333333%;width:calc(33.333333333333% - ( ( 4% + 4% ) * 0.33333333333333 ) );margin-top:0px;margin-bottom:20px;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><div class=\"imageframe-align-center\"><span class=\" fusion-imageframe imageframe-dropshadow imageframe-3 hover-type-none\" style=\"-webkit-box-shadow: 3px 3px 7px rgba(0,0,0,0.3);box-shadow: 3px 3px 7px rgba(0,0,0,0.3);\"><img width=\"400\" height=\"400\" alt=\"Gene Marks comments on how to improve control over warehouse inventory\" title=\"Gene Marks\" src=\"https:\/\/www.smithcorona.com\/blog\/wp-content\/uploads\/2018\/06\/D_a7an5J_400x400.jpg\" class=\"img-responsive wp-image-3033\" srcset=\"https:\/\/www.smithcorona.com\/blog\/wp-content\/uploads\/2018\/06\/D_a7an5J_400x400-200x200.jpg 200w, https:\/\/www.smithcorona.com\/blog\/wp-content\/uploads\/2018\/06\/D_a7an5J_400x400.jpg 400w\" sizes=\"(max-width: 800px) 100vw, 400px\" \/><\/span><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"margin-left: auto;margin-right: auto;margin-top:5px;margin-bottom:5px;width:100%;\"><\/div><div class=\"fusion-sep-clear\"><\/div><style type=\"text\/css\"><\/style><div class=\"fusion-title title fusion-title-3 fusion-sep-none fusion-title-center fusion-title-text fusion-title-size-one\" style=\"margin-top:5px;margin-right:0px;margin-bottom:10px;margin-left:0px;\"><h1 class=\"title-heading-center\" style=\"margin:0;\"><h4 style=\"text-align: center;\"><strong>Gene Marks<\/strong><\/h4>\n<p style=\"text-align: center;\">President of The Marks Group<\/p><\/h1><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-3 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"background-color: rgba(255,255,255,0);background-position: center center;background-repeat: no-repeat;border-width: 0px 0px 0px 0px;border-color:#eae9e9;border-style:solid;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start\" style=\"max-width:1144px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-4 fusion_builder_column_1_1 1_1 fusion-flex-column\"><div class=\"fusion-column-wrapper fusion-flex-justify-content-flex-start fusion-content-layout-column\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><style type=\"text\/css\">@media only screen and (max-width:1064px) {.fusion-title.fusion-title-4{margin-top:5px!important; margin-right:0px!important;margin-bottom:10px!important;margin-left:0px!important;}}@media only screen and (max-width:640px) {.fusion-title.fusion-title-4{margin-top:0px!important; margin-right:0px!important;margin-bottom:20px!important; margin-left:0px!important;}}<\/style><div class=\"fusion-title title fusion-title-4 fusion-sep-none fusion-title-text fusion-title-size-two\" style=\"margin-top:5px;margin-right:0px;margin-bottom:10px;margin-left:0px;\"><h2 class=\"title-heading-left\" style=\"margin:0;\"><strong>1. Get Rid of Spreadsheets<\/strong><\/h2><\/div><div class=\"fusion-text fusion-text-3\"><p><span style=\"font-weight: 400;\">Managing your inventory by spreadsheets is not a good idea. It may seem like the easiest and most reliable solution, but it can be slow, inaccurate, and it will make it harder to recognize important patterns. Periodic systems, going off the books, or counting off and going into the system are not effective ways of managing inventory.<\/span><\/p>\n<\/div><div class=\"fusion-text fusion-text-4\"><blockquote>\n<p><span style=\"font-weight: 400;\">\u201cThe worst way to manage inventory is by spreadsheet,\u201d said <\/span><a href=\"http:\/\/www.genemarks.com\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><span style=\"font-weight: 400;\">Gene Marks<\/span><\/a><span style=\"font-weight: 400;\">, a small business expert and President of The Marks Group.<\/span><\/p>\n<\/blockquote>\n<\/div><div class=\"fusion-text fusion-text-5\"><p><span style=\"font-weight: 400;\">Marks recommends that businesses start early on with an inventory management system. Most accounting systems have features for inventory management, including a barcode system.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/www.smithcorona.com\/blog\/barcode-inventory-system\/\" target=\"_blank\" rel=\"noopener noreferrer\">A barcode system can help your company be better organized and more efficient for your present inventory<\/a>.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cProper inventory management is all about real-time and accurate information,\u201d said John Sidell, the Principal and Founder at <\/span><a href=\"http:\/\/www.newcoursellc.com\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><span style=\"font-weight: 400;\">New Course Group<\/span><\/a><span style=\"font-weight: 400;\">, a consulting organization. \u201cYou have to know what you have in stock.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Another way to know what you have in stock is by creating a stock keeping unit, or SKU.<\/span><\/p>\n<p><a href=\"https:\/\/powersellingmom.com\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><span style=\"font-weight: 400;\">Danna Crawford<\/span><\/a><span style=\"font-weight: 400;\">, a business consultant and marketer, said that she uses <a href=\"https:\/\/www.smithcorona.com\/blog\/barcode-101-information\/\" target=\"_blank\" rel=\"noopener noreferrer\">an SKU to keep track of the inventory<\/a> for her online business so she can easily find items when they sell.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In <\/span><a href=\"https:\/\/www.smithcorona.com\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Smith Corona<\/span><\/a><span style=\"font-weight: 400;\">\u2019s warehouse, we use a warehouse management system called Application Plus. \u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Application Plus allows Smith Corona to determine fast routes within the warehouse. Employees can then receive the quickest route and use that to get an order out the door quickly and efficiently. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Regardless of what system you use, it\u2019s crucial that you understand how to use it and what to use it for.<\/span><\/p>\n<\/div><div class=\"fusion-text fusion-text-6\"><blockquote>\n<p>\u201cIt\u2019s not the software, but the people behind it,\u201d said Patrick Mitchell, a warehouse manager at Smith Corona. \u201cA software is only as good as the person using it.\u201d<\/p>\n<\/blockquote>\n<\/div><div class=\"fusion-text fusion-text-7\"><p>When choosing a software, take advantage of free trials that may be offered. A free trial period is a great way to test the software to see if it is user-friendly and providing you with valuable data you can use for the benefit of your company.<\/p>\n<\/div><\/div><style type=\"text\/css\">.fusion-body .fusion-builder-column-4{width:100% !important;margin-top : 0px;margin-bottom : 20px;}.fusion-builder-column-4 > .fusion-column-wrapper {padding-top : 0px !important;padding-right : 0px !important;margin-right : 1.92%;padding-bottom : 0px !important;padding-left : 0px !important;margin-left : 1.92%;}@media only screen and (max-width:1064px) {.fusion-body .fusion-builder-column-4{width:100% !important;order : 0;}.fusion-builder-column-4 > .fusion-column-wrapper {margin-right : 1.92%;margin-left : 1.92%;}}@media only screen and (max-width:640px) {.fusion-body .fusion-builder-column-4{width:100% !important;order : 0;}.fusion-builder-column-4 > .fusion-column-wrapper {margin-right : 1.92%;margin-left : 1.92%;}}<\/style><\/div><\/div><style type=\"text\/css\">.fusion-body .fusion-flex-container.fusion-builder-row-3{ padding-top : 0px;margin-top : 0px;padding-right : 0px;padding-bottom : 0px;margin-bottom : 0px;padding-left : 0px;}<\/style><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-4 nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"background-color: rgba(255,255,255,0);background-position: center center;background-repeat: no-repeat;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom: 0px;margin-top: 0px;border-width: 0px 0px 0px 0px;border-color:#eae9e9;border-style:solid;\" ><div class=\"fusion-builder-row fusion-row\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-5 fusion_builder_column_1_1 1_1 fusion-one-full fusion-column-first fusion-column-last\" style=\"margin-top:0px;margin-bottom:0px;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><style type=\"text\/css\"><\/style><div class=\"fusion-title title fusion-title-5 fusion-sep-none fusion-title-text fusion-title-size-two\" style=\"margin-top:5px;margin-right:0px;margin-bottom:10px;margin-left:0px;\"><h2 class=\"title-heading-left\" style=\"margin:0;\"><strong>2. Use the 80-20 Rule<\/strong><\/h2><\/div><div class=\"imageframe-align-center\"><span class=\" fusion-imageframe imageframe-none imageframe-4 hover-type-none\"><img width=\"800\" height=\"533\" alt=\"A small percentage of inventory accounts for most sales\" title=\"80-20 Inventory Rule\" src=\"https:\/\/www.smithcorona.com\/blog\/wp-content\/uploads\/2018\/06\/inventory-6-800x533.jpg\" class=\"img-responsive wp-image-4036\" srcset=\"https:\/\/www.smithcorona.com\/blog\/wp-content\/uploads\/2018\/06\/inventory-6-200x133.jpg 200w, https:\/\/www.smithcorona.com\/blog\/wp-content\/uploads\/2018\/06\/inventory-6-400x267.jpg 400w, https:\/\/www.smithcorona.com\/blog\/wp-content\/uploads\/2018\/06\/inventory-6-600x400.jpg 600w, https:\/\/www.smithcorona.com\/blog\/wp-content\/uploads\/2018\/06\/inventory-6-800x533.jpg 800w, https:\/\/www.smithcorona.com\/blog\/wp-content\/uploads\/2018\/06\/inventory-6.jpg 960w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/span><\/div><div class=\"fusion-text fusion-text-8\"><p><span style=\"font-weight: 400;\">The 80-20 rule says that eighty percent of sales are coming from twenty percent of inventory.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It also says that eighty percent of the total gross profit comes from twenty percent of the product items. Therefore,\u00a0businesses must focus on big items that are moving in their inventory.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cThe 80-20 rule applies to most clients,\u201d said Marks. \u201cPay attention to items turning over the most and that have the most activity and dollars. Don\u2019t get caught up in the details of stuff that isn\u2019t imported.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">What products of yours sells consistently? Make sure to always have a backup supply of those products as well as enough space to store them. Don\u2019t waste limited space on things that don\u2019t sell as well. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">You should also focus on keeping the purchasing for that product simple for your customers and have it in an easy-to-reach spot.<\/span><\/p>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-5 nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"background-color: rgba(255,255,255,0);background-position: center center;background-repeat: no-repeat;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom: 0px;margin-top: 0px;border-width: 0px 0px 0px 0px;border-color:#eae9e9;border-style:solid;\" ><div class=\"fusion-builder-row fusion-row\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-6 fusion_builder_column_1_1 1_1 fusion-one-full fusion-column-first fusion-column-last\" style=\"margin-top:0px;margin-bottom:20px;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><style type=\"text\/css\"><\/style><div class=\"fusion-title title fusion-title-6 fusion-sep-none fusion-title-text fusion-title-size-two\" style=\"margin-top:5px;margin-right:0px;margin-bottom:10px;margin-left:0px;\"><h2 class=\"title-heading-left\" style=\"margin:0;\"><strong>3. Utilize Your Data<\/strong><\/h2><\/div><div class=\"imageframe-align-center\"><span class=\" fusion-imageframe imageframe-none imageframe-5 hover-type-none\"><img width=\"800\" height=\"526\" alt=\"Pay attention to information that your inventory system collects\" title=\"Data Image\" src=\"https:\/\/www.smithcorona.com\/blog\/wp-content\/uploads\/2018\/06\/inventory-5-800x526.png\" class=\"img-responsive wp-image-4035\" srcset=\"https:\/\/www.smithcorona.com\/blog\/wp-content\/uploads\/2018\/06\/inventory-5-200x132.png 200w, https:\/\/www.smithcorona.com\/blog\/wp-content\/uploads\/2018\/06\/inventory-5-400x263.png 400w, https:\/\/www.smithcorona.com\/blog\/wp-content\/uploads\/2018\/06\/inventory-5-600x395.png 600w, https:\/\/www.smithcorona.com\/blog\/wp-content\/uploads\/2018\/06\/inventory-5-800x526.png 800w, https:\/\/www.smithcorona.com\/blog\/wp-content\/uploads\/2018\/06\/inventory-5.png 932w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/span><\/div><div class=\"fusion-text fusion-text-9\"><p><span style=\"font-weight: 400;\">When it comes to<a href=\"https:\/\/www.smithcorona.com\/blog\/how-to-make-a-barcode-inventory-system-for-a-small-business\/\"> inventory management<\/a>, there is an abundance of data to parse and analyze.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"> An important aspect is to pay attention to any inventory that isn\u2019t turning.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cBecause of the maturity of inventory systems, you want to segment to product line inventory,\u201d said Marks. \u201cTrack sales and shipments of inventory by product line.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Marks also suggested focussing on the margins of sales. Track your gross margin by product line so that you know what is making you the most money.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It is also vital to look at your safety stock data.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Safety stock is the amount of extra stock in your inventory that is kept in case there is a shortage of stock. This can be useful for unexpected rises in supply and demand or other unpredicted scenarios. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Marks once again suggested that businesses use an accounting system. Accounting systems will give you alerts when something is wrong with your inventory or if your safety stocks fall below a certain level. There are even softwares that automatically order more stock when the safety stock falls below your comfort level.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Crawford recommended utilizing an accounting system from GoDaddy called Outright.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cGoDaddy provides the best data resources,\u201d said Crawford. \u201cThe data will bring in all the numbers I need from PayPal, eBay, bank accounts and any credit cards I would like to include as well.\u201d<\/span><\/p>\n<\/div><div class=\"fusion-text fusion-text-10\"><p><span style=\"font-weight: 400;\">Mitchell says that a critical piece of data to look for is what is and isn\u2019t selling in your inventory. By utilizing this data, you can determine what products you need to focus on and what products will soon turn to old stock.<\/span><\/p>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-6 nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"background-color: rgba(255,255,255,0);background-position: center center;background-repeat: no-repeat;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom: 0px;margin-top: 0px;border-width: 0px 0px 0px 0px;border-color:#eae9e9;border-style:solid;\" ><div class=\"fusion-builder-row fusion-row\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-7 fusion_builder_column_1_1 1_1 fusion-one-full fusion-column-first fusion-column-last\" style=\"margin-top:0px;margin-bottom:20px;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><style type=\"text\/css\"><\/style><div class=\"fusion-title title fusion-title-7 fusion-sep-none fusion-title-text fusion-title-size-two\" style=\"margin-top:5px;margin-right:0px;margin-bottom:10px;margin-left:0px;\"><h2 class=\"title-heading-left\" style=\"margin:0;\"><strong>4. Get Rid of Old Stock<\/strong><\/h2><\/div><div class=\"imageframe-align-center\"><span class=\" fusion-imageframe imageframe-none imageframe-6 hover-type-none\"><img width=\"800\" height=\"450\" alt=\"Inventory visibility is important for warehouse efficiency\" title=\"Inventory Stock Image\" src=\"https:\/\/www.smithcorona.com\/blog\/wp-content\/uploads\/2018\/06\/inventory-2-1-800x450.jpg\" class=\"img-responsive wp-image-4032\"\/><\/span><\/div><div class=\"fusion-text fusion-text-11\"><p><span style=\"font-weight: 400;\">Old stock can make the flow of your warehouse inefficient. <\/span><\/p>\n<\/div><div class=\"fusion-text fusion-text-12\"><blockquote>\n<p><span style=\"font-weight: 400;\">\u201cIf you have old stuff, it\u2019s getting in the way,\u201d said Marks. Move it, dispose of it, or lease another space where you can put older stuff for when an odd job calls for it.\u201d<\/span><\/p>\n<\/blockquote>\n<\/div><div class=\"fusion-text fusion-text-13\"><p><span style=\"font-weight: 400;\">It\u2019s all about how close you can have your most important inventory to your workers. It is vital to keep your warehouse clean and to avoid carrying old stock. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Sidell stresses that the visibility of your inventory is vital for inventory management. Whether your product is on the road or waiting to be shipped from a different location, you must know where your product is. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Another piece of data that is important for inventory visibility is the ability to sort your inventory to what is at rest. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cWhere is it resting at? Is it resting on the store shelf or retail storage? Where is the inventory and what are the exact quantities? What do I have coming and going out?\u201d said Sidell. \u201c At rest, in transit or in motion is the key.\u201d <\/span><\/p>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-7 nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"background-color: rgba(255,255,255,0);background-position: center center;background-repeat: no-repeat;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom: 0px;margin-top: 0px;border-width: 0px 0px 0px 0px;border-color:#eae9e9;border-style:solid;\" ><div class=\"fusion-builder-row fusion-row\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-8 fusion_builder_column_1_1 1_1 fusion-one-full fusion-column-first fusion-column-last\" style=\"margin-top:0px;margin-bottom:20px;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><style type=\"text\/css\"><\/style><div class=\"fusion-title title fusion-title-8 fusion-sep-none fusion-title-text fusion-title-size-two\" style=\"margin-top:5px;margin-right:0px;margin-bottom:10px;margin-left:0px;\"><h2 class=\"title-heading-left\" style=\"margin:0;\"><strong>5. Use the ABC System<\/strong><\/h2><\/div><div class=\"fusion-text fusion-text-14\"><p><span style=\"font-weight: 400;\">To keep inventory control simple and reliable, Smith Corona uses the ABC system. We collect data over the course of 18 months and use that data to determine what items sell best. We can also determine what items typically sell well with other items. From there, we separate their inventory into three different categories.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The A category consists of the stock that moves the fastest and is always being ordered and shipped, like our <a href=\"https:\/\/www.smithcorona.com\/direct-thermal-labels\/4-inch-x-6-inch-direct-thermal-labels.html\">4&#215;6 direct thermal labels<\/a>. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The B category consists of products that don\u2019t move as fast but is consistent enough that you should keep a reasonable level of stock available. For example, our B category inventory consists of <\/span><a href=\"https:\/\/www.smithcorona.com\/4-x-4-direct-thermal-labels-3-core.html\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">4&#215;4 direct thermal<\/span><\/a><span style=\"font-weight: 400;\"> and <\/span><a href=\"https:\/\/www.smithcorona.com\/4-x-4-thermal-transfer-labels-3-core.html\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">thermal transfer labels<\/span><\/a><span style=\"font-weight: 400;\">. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The C category is any stock that doesn\u2019t sell very well or anything that is used for orders that are out of the ordinary.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">By using this strategy, you will be able to easily determine what you need to keep in stock.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Smith Corona always has one weeks worth of inventory for the products in their A category. This means that no one can clean out inventory and the popular products will always be ready to ship. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The ABC system can also be used to determine a warehouse layout.<\/span><\/p>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-8 nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"background-color: rgba(255,255,255,0);background-position: center center;background-repeat: no-repeat;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom: 0px;margin-top: 0px;border-width: 0px 0px 0px 0px;border-color:#eae9e9;border-style:solid;\" ><div class=\"fusion-builder-row fusion-row\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-9 fusion_builder_column_1_1 1_1 fusion-one-full fusion-column-first fusion-column-last\" style=\"margin-top:0px;margin-bottom:20px;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><style type=\"text\/css\"><\/style><div class=\"fusion-title title fusion-title-9 fusion-sep-none fusion-title-text fusion-title-size-two\" style=\"margin-top:5px;margin-right:0px;margin-bottom:10px;margin-left:0px;\"><h2 class=\"title-heading-left\" style=\"margin:0;\"><strong>6. Determine an Efficient Warehouse Layout<\/strong><\/h2><\/div><div class=\"imageframe-align-center\"><span class=\" fusion-imageframe imageframe-none imageframe-7 hover-type-none\"><img width=\"800\" height=\"533\" alt=\"Warehouse efficiency is increased with a good layout plan\" title=\"Warehouse Layout Image\" src=\"https:\/\/www.smithcorona.com\/blog\/wp-content\/uploads\/2018\/06\/inventory-4-800x533.jpg\" class=\"img-responsive wp-image-4034\" srcset=\"https:\/\/www.smithcorona.com\/blog\/wp-content\/uploads\/2018\/06\/inventory-4-200x133.jpg 200w, https:\/\/www.smithcorona.com\/blog\/wp-content\/uploads\/2018\/06\/inventory-4-400x267.jpg 400w, https:\/\/www.smithcorona.com\/blog\/wp-content\/uploads\/2018\/06\/inventory-4-600x400.jpg 600w, https:\/\/www.smithcorona.com\/blog\/wp-content\/uploads\/2018\/06\/inventory-4-800x533.jpg 800w, https:\/\/www.smithcorona.com\/blog\/wp-content\/uploads\/2018\/06\/inventory-4.jpg 960w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/span><\/div><div class=\"fusion-text fusion-text-15\"><p><span style=\"font-weight: 400;\">A great way to increase warehouse efficiency is a well-planned layout.<\/span><\/p>\n<\/div><div class=\"fusion-text fusion-text-16\"><blockquote>\n<p><span style=\"font-weight: 400;\">\u201cLayout and design is really an art as much as it is a science,\u201d said Marks. \u201cThe devil is in the detail, determine if [buisnesses] are efficiently using every square footage of the warehouse.\u201d<\/span><\/p>\n<\/blockquote>\n<\/div><div class=\"fusion-text fusion-text-17\"><p><span style=\"font-weight: 400;\">Smith Corona takes the stock in their A category and makes sure that it is closest to the trucks for maximum efficiency. We keep the B category closer to the trucks, but not as close as the A category. The C categories are put in the back of the warehouse since orders don\u2019t call for those products as often as the other categories. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Marks suggested that companies take the time to figure out a warehouse layout by taking stopwatches and timing how long it takes to complete specific tasks &#8211; like the time it takes to pull inventory after an order hits the floor.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cPick out specific jobs and time how long it is taking,\u201d said Marks. \u201cYou will uncover lots of mysteries when you do that. The only way to do this is by physically observing and tracking the floor.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This process can take weeks but can determine specific places in the warehouse that are slowing down your businesses efficiency.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">By using a stopwatch strategy, you can have your best selling products within close reach for maximum efficiency.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cThe first priority is to keep everything within reach,\u201d said Crawford. Crawford makes sure that her inventory is always easily accessible and visible to keep her business running smoothly.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Another factor that can come into play is the season. Look into order profiles and the pace of your inventory. Then you can plan your layout and flow based on the season, said Sidell.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you aren\u2019t sure what to change or you are having trouble determining a layout that works for your warehouse, Marks suggested hiring an outside consultant on LinkedIn or from professional societies.<\/span><\/p>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><\/div><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A great deal goes into inventory control and warehouse management, much more than people think. They are a crucial part of any business. While it can seem overwhelming, there are many ways to improve your inventory control for more efficiency and accuracy. We interviewed experts and created the ultimate guide on how to navigate these key factors.<\/p>\n","protected":false},"author":1,"featured_media":12535,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[78],"tags":[],"acf":{"theme_color":"","estimated_reading_time":7,"include_in_most_popular_sidebar":false,"hero_splash_image":12533,"grid_listing_thumbnail":12534,"sidebar_most_popular_thumbnail":12536},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.7.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Experts Share 6 Ways to Improve Inventory Control &amp; Warehouse Management - Barcode Blog<\/title>\n<meta name=\"description\" content=\"A great deal goes into inventory control and warehouse management, much more than people think. 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