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Replenishment Strategies for FBA: Avoid Amazon’s Low Inventory Fees
Selling on Amazon is a whole new world beyond selling on your webstore. There’s a lot involved in sustaining continuous sales on Amazon beyond just having products listed on the world’s largest marketplace. To set your Amazon business up for success, one of the main areas to focus on is inventory: the flow, the costs,…
Strategies for Direct-to-Consumer Manufacturers
Until the rise of e-commerce, the shopping experience relied solely on retailers and distributors. However, more manufacturers are turning to a more direct customer journey. Direct-to-consumer (D2C) selling allows manufacturers to forego distributors and gain several benefits, like a deeper relationship with consumers. Direct-to-consumer selling can seem daunting for manufacturers that depend on retailers to…
What Is a Packing Slip and Why Is It Important
Many customers may disregard packing slips as soon as they open their packages. Yet, these pieces of paper are essential to many e-commerce businesses in various industries. Packing slips contain much information that helps businesses and customers evaluate what a package contains, reducing packing mistakes and improving communication between buyer and seller. While the availability…
The Complete Guide to Understanding SKU Rationalization
Stock-keeping units, or SKUs, are crucial tools for inventory management. They provide identification for your products and help businesses keep track of available inventory. You can also use them to track sales trends, optimize future items and improve the customer experience at your stores. However, managing the number of SKUs in your inventory is important.…
Everything You Need to Know About the Bullwhip Effect
Businesses use the supply chain to order and distribute goods to consumers. Supply chain layers work together to create and distribute products across the globe. However, disturbances in this chain can disrupt access to goods and other business functions. In the phenomenon known as the bullwhip effect, retailers make larger orders in response to sudden…
What Is a SKU?
Retailers and manufacturers use a variety of identification methods during inventory management. These codes help you organize products and maintain inventory accuracy, which is crucial for business success. One example is a SKU. Inventory professionals use these frequently for various inventory operations. But what does SKU stand for, and how are they used in inventory…
Storing Products 101: Tips for Protecting Your Inventory
Your inventory is the life of your business. Finding a way to ensure your items are safe and protected, whether they’re in your warehouse or another storage facility, will give you peace of mind and keep your business running smoothly. This guide will take you through factors you should consider to ensure your products’ safety,…
Perpetual Inventory vs. Physical Inventory: What Are the Major Differences?
Perpetual inventory systems and physical inventory systems attempt to keep businesses organized and provide them with data that can help them make accurate decisions and know the correct amount of available inventory. However, these different types of inventory systems achieve these goals through different means. What Is Perpetual Inventory? Perpetual inventory systems are methods of inventory…
How to Take Physical Inventory
As the retail industry continues to grow, maintaining a good stock of your products is crucial for success. Having enough supplies on hand keeps both customers and employees happy. And the best way to keep track of your on-hand items is with thorough inventory counts. With the right inventory strategy, you avoid product shortages and ensure…
The Best Order Picking Methods for Your Warehouse
Order picking has a critical role to play in your warehouse operations. It impacts your efficiency, accuracy and customer satisfaction, and you can amplify your business by finding the right method.
The Role of Shipping Labels in Inventory Management
Shipping labels might seem simple, but they have an integral role to play in warehouse shipping processes. Inventory management and shipping labels go hand in hand, with these labels providing valuable information about the package’s origin, destination, handling requirements and much more. They can direct the package through its journey, allowing employees to work more…
Shortage vs. Surplus: Causes and Definitions
Shortages and surpluses are similar in that they disrupt the flow of a business and can cause financial troubles and a loss of customers. However, they differ in numerous ways. The causes and solutions of shortages and surpluses are very different and require businesses to look within to determine what they can do to help…
5 Ways to Improve Inefficient Inventory Management
As businesses look for improvements in their companies, they should consider assessing their inventory management systems. Any kind of inefficiency can negatively affect your business, impacting how your customers view your services and how you compete with similar companies. Prioritize inventory management efficiency today and discover how you can improve it with five essential tips.…
7 Tips for Small Business Inventory Management
If you already own or are gearing up to start a small business, one thing you have to pay extra attention to is inventory management. For small businesses, inventory management is one of the most integral parts of the entire process. It helps you evaluate how well your business is doing and whether it’s on track for success. With these…
Controlling Warehouse Inventory Errors
Inventory management requires careful error control. While we have more ways to control warehouse inventory errors than ever before, we can still make mistakes. Integrating the right precautions into your workflow can help you reduce inaccuracies. Discover the kinds of warehouse inventory mistakes you can make and how to prevent them. Types of Mistakes in…
Understanding the Inventory Audit Process
Conducting an inventory audit can seem confusing at first. Fortunately, knowing what to expect and how to break it down will have you stock auditing like a professional in no time. There are steps you can take before and during the process to simplify it for you and your business and limit the disruption it…
Kitting and Bundling Best Practices for the Health and Beauty Industry
Determining how to best sell your health and beauty products is a great first step toward increasing your sales and improving your overall business practices. Kitting and bundling let your company create interesting product offers that excite customers and benefit your business. Great deals make shoppers more likely to continue buying from you. When you sell products,…
Best Excel Functions for Inventory Management
Inventory control formulas in Excel can increase the efficiency and productivity of your business as you become more organized in your inventory management. As your business grows, you need to keep up with the growing demands, and Microsoft Excel can help you do that. 20 Useful Microsoft Excel Formulas for Inventory Management Basic inventory management…
5 Reasons Why You Need an Order Management System
An order management system can shape the way you run your business, increasing your productivity and morale amongst your employees — and so much more. Here’s more on why you should consider making the investment and the benefits of order management systems. What Is Order Management? Order management is the process of integrating orders from…