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Inventory Management Basics

1. Enter received orders promptly.

When a new delivery arrives, record it in your inventory system right away. This requires discipline when you’re busy with employees, placing new orders, and inundated with deliveries from different suppliers. But if you sell a product before it’s been entered into the system, things are going to get a whole lot messier. Pausing to enter your receipts immediately saves you time and headaches in the long run.

2. Reduce receiving errors with barcodes.

To cut back on inventory errors – especially when your sales volume is high or a lot of your products look alike – barcodes can really help. All you need is inventory control software that supports them and a barcode scanner. Then, when you receive a delivery from a supplier, you simply print out barcode labels and attach them to each item. Scanning the labels displays the numbers on your screen as if you were typing them on the keyboard. No more typing or transposing numerical errors!