Dead Inventory Inventory Control: Hidden Cost of Dead Inventory pharmaceutical inventory or perishable products. It is estimated to cost the US retail industry $50 billion per year. Here are a few of the hidden costs...
Inventory Reports Here are seven crucial inventory control reports that are crucial to your business’s success: Inventory Min/Max Report – shows the quantity of each product at one or all locations. The report will also...
Inventory Kitting A good example of inventory kitting is manufacturing a pre-assembled item such as a bicycle, which is made up of many individual parts bundled together to sell as an individual product. When the...
Cycle Counting 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. Cycle counting is...
European Falsified Medicine Directive (FMD) How to Comply with FMD In order to comply with the European Falsified Medicine Directive (FMD), it is crucial that you select the best inventory tool to reduce errors and...
Inventory Management 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...
Traceability Why is Traceability Important? Since traceability allows businesses to know exactly where an individual product is at any given time and who handled, it instantly offers the ability to boost profitability,...
Inventory Traceability Why is Traceability Important? Companies are constantly looking for opportunities to increase profit per order. What is the most efficient way to do this? Inventory traceability allows...
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...
We are pleased to announce a full-function VPO purchase order workflow feature for TRXio, designed to close the financial loop on purchasing and save time and reduce headaches associated with procurement. TRXio’s new...
Can QuickBooks Track Inventory? It can now! QuickBooks Online does not currently track item-level or serialized inventory, TRXio now offers this vital feature to transitioning to QuickBooks Online. If you are...
Inventory Management Techniques Just in Time Inventory Method The TRXio team will be sharing a series of articles on different inventory management techniques. First up: is the “Just in Time†inventory method an...