Manage Inventory

Manage Your AV Inventory…Really, Really Well

We enjoyed Commercial Integrator’s recent article, “Follow These 5 Tips for Increasing Profitability in 2019,” which suggests ways for companies to prepare for a more challenging economy that may be looming on the horizon. The article recommends several ways for AV companies to increase profitability, including adding services revenue, effectively tracking time, finding upsell opportunities […]

Reduce "Go Back Trips" with Inventory Control

Eliminate “Go Back” Trips with Inventory Control

Don’t let one missing component impact a job! We enjoyed Henry Clifford’s article, “Rapid Improvement Plan: Doing The Job Right The First Time.” He describes his AV company’s “Rapid Improvement Plan,” which was designed to incentivize employees to eliminate frustrating, unbillable “go back” trips to Home Depot and Lowe’s. When they reviewed patterns, they began […]

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Inventory Control: Dead Inventory

Inventory Control: Hidden Cost of Dead Inventory The cost of carrying “dead inventory” can be high and burdensome to a business’s bottom line. Dead inventory is defined as inventory that isn’t selling, or even as expired pharmaceutical inventory or perishable products. It is estimated to cost the US retail industry $50 billion per year. Here […]

Accountability through Inventory Control

Build Accountability through Inventory Control

Build a Culture of Accountability in Your Organization Accountability is critical to the long-term success of any business since it decreases inventory loss, boosts profitability and increases profit margins. Without accountability, your employees may not be as diligent with company assets, or even fail to follow the most carefully devised business plans. There are several […]

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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Asset Tracking Versus Inventory Tracking

The TRXio team is often asked what the difference is between asset tracking and inventory tracking? These terms are often used interchangeably, so they are the same thing, right? Wrong. Let’s start with some definitions of each term. Assets are items that your company owns, including equipment, computers, machinery, furniture and office supplies. Your assets […]

Inventory Control

Invest in an Inventory Control System in 2019

Planning Your 2019 Spending? Consider Investing in an Inventory Control System As you plan your 2019 budget, consider ramping up your R&D spending. Why? Many residential and commercial CE firms are not taking advantage of the U.S. Internal Revenue Service’s tax credit for research and development, which is specifically aimed at encouraging and rewarding investment […]

Inventory Control

Inventory Control = More Profitability in 2019

Happy New Year from TRXio! What is the fastest way to a more profitable 2019? The answer is simple. Inventory control. Multiple studies have revealed that regardless of industry, businesses lose or misplace 6% to 10% of their inventory each year, which greatly impacts profitability.  Through traceability, TRXio makes it easy to track, monitor and audit inventory […]

Inventory Management

Inventory Control: Simple Steps for Success

Inventory Control No matter what process you use for inventory control, here are some steps to help you along: Set a protocol and clean up your database: The inventory software you purchase or create will be will be the base of your management. Educate yourself on how the system works and how your business is […]

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TRXio Inventory Flowchart

We have a saying at TRXio, mostly it’s an inside joke, “Words are hard!” Getting past the oh’s and so’s and um’s are challenging when you’re trying to explain how an inventory management software platform works. That’s why we made this inventory flowchart pictograph! In this pictograph we outline workflows that are easy to adopt using TRXio. So, green lines show receiving […]

Power of QR Codes

The Power of QR Codes

The Power of QR Codes I recently visited my son’s school for a project presentation, which was to design buildings for an area that would address certain environmental and economic concerns. The reason I bring this up is that each building  had a QR code on top of it. The parents could scan the QR […]

Inventory Turnover Ratio

Inventory Management Techniques: The Rundown

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 […]