Tips

The hemp compound CBD receives a lot of attention in today’s market. CBD oil and other wellness products containing CBD have rising popularity in consumers looking for natural health remedies. If you want to tap into this emerging market, you need to do your research. This guide will give you an overview of the online…

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…

One of the most important parts of managing multiple warehouses and distribution centers is maintaining an up-to-date inventory management system. Keeping track of a business’s inventory is now easier than ever with advancing inventory management technology — particularly cloud-based warehouse management software.  Especially with the prevalence of eCommerce as a primary means of getting goods…

Electronic data interchange (EDI) is a staple in the business world, providing a quick and secure method for document transfer. Of all electronic business transactions, those facilitated by EDI processes total over 20 billion transactions per year. Over 60% of businesses across the United States already use EDI in their daily operations, benefitting from the cost savings, speed and…

Order picking is a necessity in any large warehouse, and improving its process is essential for customer satisfaction. The order-picking process serves as the last touchpoint between you and your customers before your product travels to its destination. To remain competitive in your market, you must constantly strive to ship your customers’ orders faster while ensuring…

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…

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…

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.…

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…

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…

Best Practices: Tracking your Business’ Inventory Whether you own a small or large business, new or old, tracking its inventory is incredibly important. Knowing whether the products you are selling and promoting are in proper stock at all times gives you a significant advantage over your business dealings. Not only is your business prepared for…