Archive for the ‘Inventory Management’ Category

Inventory management – terms, formulas, and more

  What is Inventory Management? Inventory management is basically the process of ordering, handling, storing, and using a company’s non-capitalized assets – its inventory. Some businesses deal with raw materials and components, while others may only deal with finished products that are ready for sale. The key takeaways are that inventory management comes down to […]

What is contract warehousing?

What is contract warehousing? Contract warehousing is an arrangement in which a partner warehouse agrees to receive, store and ship goods for a client. The contract usually dictates the terms of service and length of the agreement. The time-frame can vary from months to years and the fee structure can be fixed cost, costs-plus or […]

Fulfillment by Amazon – Do the benefits outweigh the fees?

Fulfilled by Amazon is one of the most popular services offered by Amazon, and it is being used by businesses of all sizes. We’ve seen this service grow in popularity over the past few years, and due to the current circumstances, many businesses have adopted this FBA model. There are many factors that you need […]

How to keep track of your inventory

Inventory tracking Keeping track of your inventory can be a bit uninteresting. Inventory tracking is one of things that you really don’t think about, nor care about until something goes really, really wrong. Messing up inventory tracking can have catastrophic results for an ecommerce business. What could happen if you get it wrong? I’m glad […]

How to make your fulfilment process more efficient

How to make your fulfilment process more efficient You might not even be aware of this, but your order management process might be costing you a lot of sales. Just think about it for a second. A payment error, a delivery issue, or even a missed order from time to time can leave your customers […]

How to manage inventory over this holiday season

With the holiday season right around the corner, if you haven’t yet prepared for the ramp-up in business, now is the time. With COVID-19 having disrupted many lives, it’s fair to say that a lot of people are looking to this holiday period with a great deal of anticipation. Some companies usually do up to […]

Stock Management in Retail Business

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

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 […]