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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…
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10 Reasons Why You Need Automated Inventory Management and Reporting
Inventory count accuracy was one of the top five priorities for distribution centers in 2019. To keep pace with the ever-tightening demand for accurate inventory counts, warehouses and retailers need automation. Automated inventory monitoring is more reliable than manual methods, and it frees up valuable time for small business owners and logistics managers. So, what is an automated inventory system?…
The Rising Issues in Inventory Management Today and 7 Tips to Stay Ahead of the Curve
As the world increasingly turns to online shopping and expects more from retailers, effective inventory management is crucial. The need to continuously improve operations is coming into sharper focus. Getting the right amount of merchandise to the right place at the right time requires a proactive approach. Inventory managers must develop best practices to avoid…
Why Does Inventory Management Matter?
If you’ve ever ordered something only to receive an out-of-stock notification a short while later, you probably already understand some of the reasons why inventory management is important. Organizing the items you have available to sell — plus the goods you need to produce your company’s products — will help you streamline your services and systems…
Transitioning From a Physical Business to an Online Store
For retailers like you, taking your business online is the next big milestone. The trend toward online shopping has been rising steadily each year. In 2017, e-commerce brought in $2.3 trillion in sales, and by 2019, that number had increased to $3.5 trillion. By 2023, projections say total sales will rise to $6.5 trillion. One thing is clear — the internet…
Different Inventory Types
Managing Inventory Types Inventory management is the balancing act of having the right amount of stock at the right time to meet demand. It involves predicting sales and ordering new stock just in time to meet that demand. Having too much inventory can cause issues for your company. In some cases, products can expire or…
Do You Need Inventory Management?
Inventory management is a critical practice for retail businesses. When you base your business on providing your customers with tangible goods, you need a place to store your inventory and a plan to distribute it to customers when they place orders with your company. It’s one thing to manage inventory for a classic mom-and-pop shop…
Benefits of Cloud-Based Inventory Management
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…
Ways to Improve Inventory Management
Inventory management is a critical component of all warehouse operations, as it helps businesses track, organize and manage their supplies all over their distribution regions. While poor inventory management can cost businesses thousands of dollars in unaccounted for or lost inventory each year, successful inventory management produces highly profitable results. There are many ways companies…
Benefits of Multi-Warehouse Inventory Systems
As the online shopping world grows and the demand for fast delivery increases, many companies realize that one warehouse isn’t enough. That’s where multi-warehouse inventory systems come in. Managing your inventory well is critical for your business, no matter your industry, and you need the proper inventory software to track your product’s whereabouts and coordinate…
What Is EDI and Why Is It Important?
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…