What is an ERP System, and How Does it Work? What is an ERP System, and How Does it Work? Enterprise Resource Planning (ERP) software improves the efficiency of operations in production-based or distribution businesses. It works by merging separate
What is an SKU and Why it is so Important What is SKU, and Why is it Important For Your Inventory Management System? Whether you’re selling products online or offline, you need a unique Stock Keeping Unit (SKU) number for
The Benefits of Sustainable Demand Planning The Benefits of Sustainable Demand Planning Companies have a significant impact on the condition of the environment, and that’s why so many companies are changing their business practices to become
How E-Commerce Can Make a Difference with Sustainable Inventory Management How E-Commerce Can Make a Difference with Sustainable Inventory Management Companies worldwide are making the stride to go green, meaning they are making decisions in their daily operations that will
What is Fill Rate and How It Affects Your Business What is Fill Rate and How It Affects Your Business Since you are reading our article now, we are almost certain you are operating with a just-in-case inventory management system
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 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 inventory
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
