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3 Ways How Technology Simplifies Demand Forecasting

3 Ways How Technology Simplifies Demand Forecasting There is no overstating the need for every enterprise to quickly and accurately anticipate the demand for a product. Demand forecasting, as the

ABC Analysis for Inventory Management 

ABC Analysis for Inventory Management What is ABC analysis? ABC analysis (ABC Classification) is an approach for classifying and controlling inventory items. The raking depends on their consumption value throughout

How to Manage Your Inventory in Shopify?

How to manage your inventory in Shopify? Over 800,000 stores are available on Shopify – one of the top e-commerce platforms globally, over 200 million online shoppers are visiting Shopify-powered

What is Fill Rate and How Can You Calculate It?

What is fill rate and how can you calculate it? Since you are reading our article now, we are almost certain you are operating with a just-in-case inventory management system

What Is SKU Number And How Can You Set It Up?

What is an SKU number and how can you set it up?   What can be worse for you as a seller than losing a potential sale because of poor

What Is a Good Inventory Turnover Ratio?

What Is a Good Inventory Turnover Ratio? If you run a business that sells physical products, accurate and up-to-date inventory management is crucial for your success. Inventory turnover ratio is

How to Identify and Avoid Surplus Inventory?

How to Identify and Avoid Surplus Inventory?   Businesses often face the problem of carrying surplus inventory, which brings to poor cash flow and unwanted costs. Excess and obsolete inventory

A Complete Guide to Selling Excess Inventory

A Complete Guide to Selling Excess Inventory If you own a business then you have most probably faced the problem of having excess inventory. Selling excess inventory is a serious