September 29, 2023 10 Minute Read What is Dead Stock? Meaning, Strategies, & Exa... If you’ve ever had inventory sitting in the storeroom or warehouse unused, unsold, and taking up space – you’ve experience...... Business Tips
September 20, 2023 7 Minute Read MOQ Meaning: Minimum Order Quantity Explained MOQ, or minimum order quantity, is the smallest amount of goods a business is willing to sell to a customer while maintaining re...... Business Tips
September 19, 2023 8 Minute Read What is Supply Chain Visibility? Benefits & Soluti... Lack of transparency in the supply chain makes it difficult to respond to changes in demand and reduces your ability to identify...... Business Tips
September 13, 2023 9 Minute Read Magento vs WooCommerce: Which is Better Magento and WooCommerce are two of the big eCommerce website builders that business leaders love. But which is better? Let’...... Business Tips
September 4, 2023 9 Minute Read What is a Purchase Order? Definition & How to ... If you’re buying or selling goods, you need to know what a purchase order is and how it works. Purchase orders enable easy and...... Business Tips
August 30, 2023 7 Minute Read What is Inventory Management Software and How Does... Inventory management software helps businesses keep track of stock and be more efficient in their daily operations. It automates...... Business Tips
August 29, 2023 8 Minute Read What is Cost of Sales? Definition, Formula, & Exam... The cost of sales is an inventory accounting metric that measures the accumulated costs in getting finished goods to market. It ...... Business Tips
August 24, 2023 8 Minute Read Warehouse Logistics Guide: Process, Benefits, & Be... Warehouse management is the vital link between receiving goods from suppliers and delivering orders to your customers. It’...... Business Tips
August 21, 2023 9 Minute Read What is Lead Time? Definition & How to Shorten It Long lead times can hurt sales and customer retention. If a customer has to wait an extra day for their order, they might decide...... Business Tips
August 17, 2023 10 Minute Read Backorder: Meaning, Best Practices, Solutions A backorder presents an opportunity for businesses to continue to make sales on products that are temporarily out of stock. Good...... Business Tips
August 15, 2023 10 Minute Read Production Management: Definition, Tools, & Proces... Rising energy, labour, and material cost are increasing the cost of production and cutting into profit margins. Manufacturing op...... Business Tips
August 8, 2023 4 Minute Read Supply Chain Roundtable Series: Staffing in the Ma... While technology has been a focus in supply chain management for many years, in the end successful supply chains depended on peo...... Business Tips
August 7, 2023 12 Minute Read Competitive Pricing: Definition, Strategies, & Ben... Competitive pricing enables businesses to take advantage of their market by basing product prices on the competition instead of ...... Business Tips
July 28, 2023 11 Minute Read The 16 Best Manufacturing Processes & Methods How you assemble your products decides how efficiently your manufacturing business operates. Labour and technique impact product...... Business Tips
July 26, 2023 8 Minute Read Inventory Turnover Ratio: Definition & Improvement... The inventory turnover ratio measures how often stock is sold and replaced over time. It’s a vital inventory accounting me...... Business Tips
July 24, 2023 11 Minute Read Manufacturing KPIs: 28 Production Metrics to Start... Key Performance Indicators (KPIs) help manufacturers determine operational strengths and flaws. By tracking the right manufactur...... Business Tips
July 20, 2023 7 Minute Read Factory Automation – What It Is & How To Imp... If manual processes are slowing your business and stunting your growth, it’s time to consider factory automation. In this guid...... Business Tips
July 13, 2023 8 Minute Read What is Inventory? Examples, Types, Techniques Inventory is often the largest current asset in a business. How effectively it’s managed, tracked, and sold can mean the diffe...... Business Tips
July 11, 2023 8 Minute Read What is Sales and Operations Planning? [S&OP G... Sales and Operations Planning enables businesses to make the right decisions about where they spend their money, what products t...... Business Tips
July 7, 2023 5 Minute Read Merchandise Inventory: A Quick Guide for Sellers Correctly attributing costs is critical in inventory management because it directly affects your profitability. This article cle...... Business Tips
July 5, 2023 5 Minute Read How Does Unsold Inventory Affect Your Taxes? Leftover stock at the end of the financial year directly impacts the amount of tax you pay. This article explains how unsold inv...... Business Tips