Stock Management in Retail Business The first and probably the most important hurdle you’ll encounter in any ecommerce business is stock management. A lot of new businesses collapse under the weight of their own products, i.e. they’re just starting out and they order way too many products. They don’t have anywhere to store them, they […]
Inventory reduction strategies for slow-moving stock One of the worst nightmares of any online seller, excess and slow-moving stock can prove to be a huge headache. Not only does this mean valuable space in your warehouse is unavailable, but it can mess up your cash flow, and attempting to sell it can divert your attention […]
As you might know, stock replenishment is one of the most important things you have to consider when it comes to inventory management. Stock replenishment helps to ensure the right stock is on the shelves at the right time, this can help with keeping inventory holding costs low and it will definitely make your customers […]
Since the Coronavirus pandemic has hit China’s manufacturing hub, as a retailer there’s already a good chance that you are already feeling the effects of the production standstill. And unfortunately for all retailers, with China being the largest export market worldwide, the ability to source products will become increasingly difficult, no matter your location. As […]
You probably have one or more warehouses to run, but with the new coronavirus outbreak, what do you do? How do you manage your workers? The basics The most important thing to do is listen to your workers. Ask them what they need. Be sure to provide them with all the essential items and protection […]
How to Maximize Warehouse Space Utilization Business is booming, you’re getting a lot of sales, inventory moves quickly, but you’re running out of space in warehouse. What should you do next? As previously discussed, the best way to fix this issue would be to rent/get another warehouse. But that can be too expensive sometimes, or […]