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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 Lot Number Tracking Software?
Modern inventory tracking technology allows businesses to monitor many types of information, including lot numbers. Lot numbers refer to groups of products to help you determine an item’s source. Lot ID tracking software like Finale Inventory enables you to manage lot numbers to increase your company’s efficiency. Learn more about lot numbers and how you can…
How Inventory Management for Small Business Is Going Digital
When you run a small business, proper inventory management should be at the forefront of your mind. Though it seems small in the scheme of your broader business plan, without adequate stock management, you really don’t have a working business. Besides managing your inventory, you also have to think about how to improve the process.…
How the Logistics Industry Prepares for the Holiday Season
For years, the winter holiday season, which stretches from Thanksgiving to the end of the year, has been the busiest time of year for retailers, warehouses and shippers. Increased demand for products means that stores and fulfillment centers need to ensure enough stock to successfully fulfill orders. Increased demand for shipping means that companies need…
Barcode Batch and Serial Number Scanners
If you operate a business in which you are buying and reselling items with serial numbers or lot numbers, you may have looked into barcode scanning as a method of recording shipments or stock takes more efficiently and with less chance of human error. If you searched on the internet for “barcode scanners for serial numbers,” you…
What Is Cycle Counting?
If your business has vast numbers of products flowing in and out of your warehouses, that’s often an excellent sign. It means you’re running a flourishing business — and it also means you need practical tools to inform yourself about what inventory you have and how it fluctuates over time. Cycle counting offers an attractive…
5 Ways to Reduce Inventory Costs
You have two main options if you want to boost your company’s bottom line. You can increase your earnings, or you can reduce your costs. In some cases, doing both can be the best option. If you want to reduce costs, one place to look is at your inventory. The products your company sells allow…
5 Tips to Save Warehouse Energy Costs
Commercial businesses — including warehouses — accounted for 12% of the United State’s total energy consumption in 2019, consuming 9.4 quadrillion Btu. Non-refrigerated warehouses consume an average of 6.1 kilowatt-hours of electricity per square foot each year. All this energy consumption adds up, cutting into a warehouse’s bottom line. As a warehouse or logistics manager, you must balance…
5 Ways to Create an Efficient Logistics Team
Your company depends on efficient logistics to keep things moving. Logistics control the movement of resources from one location to another. Who works where and when is part of logistics, as is how products get from point A to point B. The more smoothly your company’s logistics plan operates, the more smoothly your business will…
How to Get Around High Amazon Fulfillment Costs
When you operate a small e-commerce company, getting your product on Amazon can feel like a victory. Selling on Amazon gives you access to the site’s millions of customers, potentially putting your product in front of a wider audience than you can reach on your own. The online retail giant goes a step further, offering…
How to Audit Warehouse Inventory
How does your warehouse operate? From inventory arrivals and departures to staff who need to stay safe and protected on the job, a warehouse or logistics manager has many moving parts to track. A warehouse audit lets you identify areas to improve, helps you see what you’re doing right, and alerts you to any inventory…
What Is the Difference Between Dynamic Storage and Static Storage?
When you manage one or more warehouses, you need to know what products you have in storage and where those products are in the warehouse itself. How you choose to organize your warehouse largely depends on what you do with your inventory. If you regularly ship goods from the facility, you’ll want a storage system…
Inventory Management Systems for Mobile Shops
Mobile shops are becoming more and more popular, and with an expanding client base comes a need for a more advanced inventory management system. Mobile inventory management software can be an ideal solution. Why mobile inventory management? This guide provides some tips and tricks for mobile marketing and inventory management, explains the benefits of mobile…
Demand Planning With Inventory Management
If you aren’t sure how much product your store or warehouse needs, it’s time to incorporate demand planning into your business. Demand planning is the first step in supply chain management. It’s a process in which a team determines how much product needs to be ordered for a business’s future. Demand planning is crucial to…
How to Use Freebies to Address Stock Challenges
When you have leftover products, you may wonder how to sell them. Selling excess inventory can be difficult because a large stock often means the demand for your product was lower than anticipated. There are ways to get rid of those extra products, though — two solutions are promotion and freebies. How Retailers Approach Stock…
How to Reduce Shrinkage in Retail
When you are looking over audits, paperwork and receipts, you may feel your stomach drop if the numbers are not adding up. Shrinkage is a problem that many businesses suffer from every year. If you’re searching for ways to keep your inventory and sales numbers in line, follow our guide to prevent shrinkage in retail. …
Managing Preorders to Boost e-commerce Sales
Are you getting ready to bring in a new product that you’re hoping will boost your business’s e-commerce sales? Consider using preorders to grab attention and stir up excitement for your product — while bringing in some early cash flow. When it comes to preorder marketing, the right strategy is key to a successful product…
How the COVID-19 Pandemic Shocked Demand and Supply for Retailers
The COVID-19 virus has greatly changed the landscape of commerce today. The sudden changes in consumer spending, rise in unemployment and labor and material shortages created demand and supply shock that required retailers to rapidly adapt. In the current economic situation, it’s crucial to understand how the coronavirus impacts your business so you can respond…
Delivery and Shipping for Small Businesses After the COVID-19 Pandemic
As the risk of the coronavirus dramatically changes the landscape of retail and consumer shopping behaviors, small businesses are among those most affected. If your small business is struggling to navigate the changes the coronavirus has caused, the right strategy can help you adapt to serve your customers better. What Is Retail Delivery? For the past…