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What Is a Markup?
In 2021, U.S. companies had their most profitable year since the 1950s, and much of that is a result of increasing markup averages across…
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An Overview of How Warehouse Management Systems Work
Warehouse management systems (WMS) are critical components of warehouse supply chain management, warehouse functionality, planning, staffing and distribution center management. Without a reliable WMS, running and managing a large warehouse or multiple warehouses today would be virtually impossible. WMS applications help companies manage material storage and movement within their warehouses and distribution centers, but they…
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…
Top Inventory Management Tips
Effective inventory management is essential to a successful e-commerce business. It can help you stay on track and develop the best strategies to optimize your business operations. At the same time, there is more to inventory management than how you arrange your inventory. To successfully minimize costs and maximize sales, keep this six tips for inventory management…
Benefits of Inventory Management Software
Inventory management software is essential if your business depends on a warehouse to fulfill orders. Proper inventory management streamlines processes and ensures everything runs smoothly. Regardless of your company’s size, inventory management software can improve your operations. In this article, we’ll discuss the inventory management software you need to optimize your warehouse management. Before that, you’ll learn what inventory…
Ways to Pick and Ship Orders Faster
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…
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…
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…