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Guide to Minimizing Inventory Overstocks and Understocks
Knowing how much of a product you need to have stocked might seem like a skill that only the most successful companies know intuitively, but it’s a skill you can learn. As you figure out how to prevent inventory understocks and overstocks, you should follow a few guidelines and employ technology to fine-tune your inventory…
Kitting Can Improve Customer Satisfaction and Cut Some Costs
For companies that sell multiple products, kitting can be one of the best additions to your sales efforts. With kitting in place, you can move more products off of the shelves and into customers’ hands, increasing the volume of your sales and positively impacting your bottom line. What Is Kitting? Kitting is when different items…
Expanding eCommerce Business Internationally
If you run an eCommerce business, you may feel that you can easily expand into the global market. But if you translate your website to a local language, there are different challenges you must overcome when expanding eCommerce business internationally. However, there are a variety of tools and strategies that can make the process successful.…
Tips to Manage Multichannel Listings
E-commerce hit a significant milestone in 2019. Data from the Commerce Department revealed that for the first time, “non-store” online retail sales had a higher total market share than general merchandise sales. E-commerce has seen startling and consistent growth, and businesses of all kinds have embraced opportunities to expand into the new digital channels. At…
How Serial Number Inventory Tracking Is Beneficial for Your Business
Regardless of the process, every manufacturer, supplier, wholesaler, retailer and business needs a way to keep their inventory in check. Without a well-defined system, any business will suffer confusion, delays and errors during daily operations. Serial numbers provide an excellent method for organization. In conjunction with inventory tracking software, your company has the opportunity to set…
Top 5 Ways to Know if You Have the Best Inventory Management Software
For eCommerce businesses, both large and small, inventory management software is a must. A good inventory management software can help prevent you from selling more of a product that you have, but this blog post isn’t about good inventory management software. It’s about the best inventory management software. And when you’re using the best, not…
Difference between Stock Take and Stock Change
Difference between stock take and stock change A Stock Change is where you change the quantity of stock on hand by either “Adding” (positive value) stock or “Subtracting” (negative value) stock. So if you had Product ID “ABC” and it has a current Quantity on Hand value of 10 units in sublocation “M1”, and…
Should You Be Going Mobile? Inventory Software for The Next Generation
Inventory management plays a vital role in the success of any organization. Taking control of inventory levels means making diligent use of your organization’s inventory management software — software that enhances procedures and processes as well as providing superior tools to utilize the results of a physical inventory. Mobile inventory software — that is to say,…