Inventory kitting

Inventory Management Technique: Kitting

Kitting, an often overlooked yet effective inventory management technique, works well for many retailers and wholesalers, especially in a lean manufacturing environment. Kitting, or product bundling, is the process of grouping individual but related items into one sellable item. IKEA is a retailer that is well known for inventory kitting. A good example of kitting […]

Inventory management techniques - cycle counting

Inventory Management Technique: Cycle Counting

We realize that managing inventory can be a challenging, time-consuming task for many small businesses. And, trying to manually manage inventory can make it even more daunting. To ease small business inventory management, it is essential to conduct a manual, physical inventory control process, in addition to implementing a robust inventory management system like TRXio. […]

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Seven Tips for Better Inventory Management

As you set your business goals for 2019, make an immediate impact on your business by focusing on inventory management. Although good inventory management results in significant cost savings and increased profitability, many businesses fail to integrate it. As a result, they suffer from negative repercussions when it comes to long-term growth since poor inventory […]

What is Traceability?

Why is Traceability Important?



Traceability – an important word to your business that you may not hear often. What is traceability? Traceability is the ability to track the movement of an individual item from its origin to the end of its useful life. Traceability also provides knowledge of who comes into contact with the item along the way. Since traceability […]

Inventory Management Software: What Type Does Your Business Need?

Inventory Management Software: What Type Does Your Business Need?

Inventory Management Software: What Type Does Your Business Need? What type of inventory management software does your business need?  A very important question. Since we realize that is a big decision to select the right inventory management software for your business, the TRXio team has put together a rundown that might help you. Industry Specific […]

Inventory Turnover Ratio

Inventory Management Techniques

Inventory Management Techniques: The Rundown What are the different inventory management techniques? To properly manage operational costs and cash flow, selecting the right inventory management system is key. This is especially true for small businesses as proper inventory control is essential for growth and success. No matter what inventory management tool is used, the goals include […]

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Three Tips for Better Inventory Management

Inventory Management Inventory management can make or break your business. Even though many business owners and managers find it complicated and confusing, following the fundamental principles of good inventory management can result in significant bottom-line savings. There are two fundamental principles of inventory management: You must have enough stock to meet market demands It must […]

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Cycle Counting: Advantages and Best Practices

Small entrepreneurs faced with limited resources can find various aspects of running a business challenging. Managing inventory manually and checking for inaccuracies can be an extremely time consuming task. While there are technology tools to help you manage inventory, including TRXio, it is also important to implement an in-house system of manual, physical stock counting. […]