Posts Tagged ‘inventory’

Taking physical count of your inventory

What exactly does it mean to take physical count of your inventory? The aim of taking a physical count of inventory boils down to making sure there’s complete parity and accuracy between: -The actual stock quantities sat in your warehouse or store(s) for each item of inventory (and its variants). -And the recorded stock quantities […]

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 […]

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 […]

Best practices to decrease the level of inventory shrinkage

Large and medium-sized businesses tend to suffer serious profit losses because of inventory shrinkage. Compared to dead stock, inventory shrinkage is represented by any loss of products or inventory merchandise that is not caused by stock being sold. There are many reasons or causes for inventory shrinkage, as it can happen because of stolen products […]

Ways to turn slow-moving inventory into cash

Losing money with slow-moving inventory is easy Slow-moving inventory is a nightmare for all business owners. One of the key elements of successful inventory management is giving constant attention to the quality of your merchandise and always knowing what sells and when it sells.         Niche products usually are the cause of […]

Save tons of money on inventory with stock rotation

All business owners hate to have obsolete or expired stock laying around in their warehouses and in order to avoid money-losing situations stock rotation is a life saver. If you’re wondering what stock rotation actually is, it’s the process of organizing inventory to mitigate the stock loss caused by expiration or obsolescence. It’s a practice […]

The nightmare that is Slow Moving Inventory

Getting rid of SMI   Most online sellers encounter this issue at least once in their career, it’s something extremely difficult to avoid. Slow moving inventory, or SMI, is defined as stock keeping units (SKUs) that have not been shipped in a certain amount of time, such as 90 or 180 days, and merchandise that […]

Choose what’s best to sell in 2019 and we’ll take care of your inventory!

Online retails are booming Ever since shopping became more and more a thing of the online environment, many things have changed in how we view shopping as an experience. Everything is so much easier to acquire now when all you could ever need is available and deliverable at your footsteps. That’s why you need a […]

Our recommendations for a perfectly managed inventory

When is inventory management software a must have? You’re running a small or medium-sized business online and, of course, working on different channels, maybe even own an actual brick and mortar store besides your eBay, Amazon, WooCommerce or Shopify seller accounts. While you improve your profit by selling on multiple channels, there might be some […]

Overselling can ruin your business. Always keep an updated inventory!

The main reasons why overselling is not good for your business   One of the key components of your online business is your product data and the most important part of that inventory. Having items for sale on different channels, with the same inventory, may put you and your clients in difficulty in case you […]