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E-commerce Expert Insights: Q4 2024
The upcoming Q4 holiday shopping season is set to be one of the most lucrative and unpredictable yet. With a perfect storm of factors in play—ranging from shifting consumer habits and economic pressures to supply chain hiccups—this season will be anything but predictable. For e-commerce sellers, it’s not just about riding the holiday wave, but…
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…
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…