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
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 Omni channel? An Introduction to Omnichannel Retail. What is omni channel? An introduction to omnichannel retail. Technology has totally changed the way business is conducted today and this is seen in all sectors where new concepts are
How to Solve the Inventory Stockout Problem? How to Solve the Inventory Stockout Problem? An inventory stockout is one of the worst nightmares of retailers. Stockouts happen when the business owner fails to order enough inventory to
Sales Forecasting Software vs. an Excel Sheet – Which One Wins? Sales forecasting software vs. an excel sheet – which one wins? In this e-commerce-driven world, there is no way out without forecasting sales. It’s always a hot topic in the
How to Solve Your Omnichannel Retailing Problems? How to Solve Your Omnichannel Retailing Problems? The landscape of omnichannel retailing and commerce is not an easy one. The main goal of omnichannel retailing is to help merchants increase
Sales Forecasting Software or Demand Forecasting Software, What Is Right for You? Sales Forecasting Software or Demand Forecasting Software, What Is Right for You? Many times we have many people asking do we do sales forecasting software and what is the difference
What is an Inventory? What is an Inventory? Inventory is the stock of any item or resource used in your business. An inventory system is the set of policies and controls that monitor levels
Inventory Management Terms that Everyone Should Know Inventory Management Terms that Everyone Should Know Inventory Management is an essential function within most businesses. The purpose of inventory management is to develop strategies that will achieve an optimal
