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Cin7 vs Finale: Inventory Management System Review and Comparison
If you’re investing in an inventory management system, congratulations. It’s a sign that your business is achieving new levels of success – and experiencing the growing pains that come with it (overselling, over- or understocking, incorrect shipments, etc.). With sales most likely originating in a variety of online and offline channels, with multiple stock locations…
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The Ultimate Ecommerce Cheat Sheet [Free PDF]
Download this free PDF to kickstart your ecommerce business. Learn how poor tracking and multi-channel sales can hurt your ecommerce success. Download this free ecommerce cheat sheet for solutions to learn about ecommerce KPIs, acronyms, and metrics.
Understanding Raw Materials: Definitions, Formulas, Types, and Importance
Learn about raw materials in ecommerce: definitions, formulas, types, and importance. Discover strategies for effective management and sustainable sourcing.
What Is Dead Stock and How Can You Avoid It?
On average, 20%-30% of a company’s inventory is dead stock — which is a sizeable concern. At its most basic, dead stock is inventory that’s impossible or very unlikely to sell. It’s a step above overstocked goods, which is at risk of becoming dead inventory unless it is sold or otherwise repurposed. Unsellable inventory is a huge…
Margin vs. Markup: How Are They Different?
Margin and markup are often mistaken or used interchangeably. Because you calculate both using the same variables and the two figures are closely related, it’s easy to mix them up. Understanding the difference between the two can give you a more complete understanding of your business so you can plan for long-term success. Let’s compare…
Barcode Label Printing
Printing barcode labels is an integral part of a complete barcode inventory software system. At some companies, stock and assets arrive with barcodes already applied with sufficient detail for the company’s process. If your deliveries do not have barcodes already, we can help. Finale Inventory’s barcode label printing software allows you to quickly label everything as it arrives and then control its use…
5 Tips for Stock Replenishment
When working in a retail setting, it’s essential to know how much product is ordered and sold. Cafes and restaurants need to examine their stock levels often, as the amount of product available can quickly shift day to day based on promotions, seasonal trends and customer spikes. For online businesses, knowing how much stock you…
Everything You Need to Know About Minimum Order Quantity
If you have an e-commerce business that’s considering adding another revenue stream with wholesale, you suddenly face the prospect of setting a profitable minimum order quantity for your goods. Whether you manufacture your products with raw materials or buy finished goods straight from a manufacturer, you’ve likely encountered an MOQ as a buyer. Maybe you’ve…
Just-in-Time Inventory: What It Is and How to Manage It
Just-in-Time Inventory: What It Is and How to Manage It Are you searching for ways to reduce your e-commerce inventory level and slash costs without affecting product availability and prompt order delivery? The just-in-time inventory management system may be your ideal solution. This article will cover everything you need to know about just-in-time inventory management…
Warehouse Inventory Management: The Ultimate Guide to Follow
When running a business, the most important thing you can do to keep your business afloat and successful is to practice proper warehouse inventory management. This is essential no matter the size of your business, and it’s especially imperative the more inventory you have to keep track of and coordinate. When your warehouse inventory is managed poorly, it can lead…
Backordering: What Is It and How Can It Impact Your Business?
Online retailers lose $22 billion annually when products go out of stock. One way to reduce those losses is to place an item on backlog. As a retailer, you may sometimes see this from your suppliers or consider using the strategy yourself. So, what does it mean when an item is on backorder? Under this scenario, customers…
Why You Should Be Using Multi-Warehouse Inventory Management
If you are looking to implement multi-warehouse inventory management, you can use many strategies and tools to handle the logistics involved and save on expenses. One of the most essential tools you need is cloud-based multiple warehouse inventory control software like Finale Inventory. Here are some of the most important things you need to know when managing inventory in multiple warehouses.…
What Is Inventory Turnover and How Do You Calculate It?
As an e-commerce business, your merchandise is your most valuable asset. It’s also one of your riskiest investments since your profitability depends on selling off your inventory and turning it into cash — also known as turning it over. When inventory is sold faster, companies have better cash flow and face fewer risks associated with…
A Complete Guide to WooCommerce Inventory Management
Inventory management can be a big job, so you want all the help you can get when you can get it. While in today’s modern age inventory management isn’t necessarily easier than ever, you do have a lot more assistance in the form of inventory management software. Of course, with so many technology options to explore, you may not know…
How to Keep Warehouse Stockrooms Organized and Not Overfilled
Keeping a clean and organized warehouse affects much more than just aesthetics. It can boost your efficiency, keep employees happy, reduce errors, minimize safety hazards and lower costs. There are many ways to optimize your warehouse, so let’s look at a few of the top strategies. How to Keep Warehouses Organized Follow these tips for…
Master Your Inventory Cycle Count by Practicing These 7 Steps
Every business owner should know that when inventory is under control and well-managed, it means that things are going smoothly. Whether a business is a new start-up, a small or medium organization, or a large conglomerate, inventory is important no matter what, meaning it should be a top priority. No matter how you run your…
How to Keep Warehouse Stockrooms Organized and Not Overfilled
Keeping a clean and organized warehouse affects much more than just aesthetics. It can boost your efficiency, keep employees happy, reduce errors, minimize safety hazards and lower costs. There are many ways to optimize your warehouse, so let’s look at a few of the top strategies. How to Keep Warehouses Organized Growing e-commerce retailers, physical stores…
Master Your Inventory Cycle Count by Practicing These 7 Steps
Every business owner should know that when inventory is under control and well-managed, things are going smoothly. Whether a business is a startup, a small or medium organization or a large conglomerate, inventory should be a top priority. No matter how you run your business, you can’t get around the importance of proper inventory management and maintenance. One…
Generating an Inventory Asset Valuation Report
It’s never too early to start thinking about tax season. The sooner you get ahead of your inventory accounting processes, the easier your month-end, quarter-end and year-end accounting becomes. We’ve been fielding many questions on inventory asset valuation reports and why this information is so valuable. Let’s answer some of them and show you how to generate an…
Push vs. Pull System Inventory Management
Running a business can feel like a balancing act between making a profit and satisfying customers. An effective inventory management system can help you do both. First, you’ll need to figure out what an effective system looks like for your business. Most inventory management systems occur in one of two ways — a push system or a pull system.…
13 Expert eBay Inventory Management Tips
As an e-commerce retailer, you must sell on various online marketplaces to meet your audience wherever they shop. With this in mind, eBay is an important sales channel for any business. With 185 million active buyers,eBay is the perfect place to find new customersand sell to return customers. Of course, simply listing your products with this…