Inventory Management

Stock management means overseeing a business’s goods from A to Z. Essentially, it involves overseeing how a company orders, stores,...

Effective supply chain management can save businesses both time and money. Two of the most important components of supply chain management...

Inventory management is crucial in business—but it can be easier said than done. Without full visibility into what you have and what...

What are stockouts and why are they the bane of every retailer’s existence? These empty-shelf nightmares can lead to lost sales,...

Lot numbers play a significant role in inventory tracking. There are many ways in which making use of lot numbers can benefit your...

Anyone who’s worked in a restaurant knows it’s a lot harder than it looks. Often it’s the small details—a creative garnish,...

Inventory is an integral aspect of your retail business. But choosing the best retail inventory management software to implement isn’t...

As retailers across North America plan for an influx of sales during the holiday season, inventory is top of mind. Often, retailers...

Effective warehouse inventory management is table stakes for today’s retailer. With the right system in place, you gain real-time...

Managing inventory is one of the biggest challenges small businesses face. Understanding how to track inventory for small businesses...

If you’ve ever visited a retail store and looked at a product’s price tag, you’ve likely come across a stock keeping unit, commonly...

Forecasting demand is essential for retailers to accurately predict how much of a product they should purchase. The inventory a retailer...

How does your choice between FIFO vs. LIFO impact your business’s financial health? Inventory valuation is more than just an accounting...

Inventory management is the process of controlling and overseeing stock—raw materials, finished products and everything in between.If...

Having too much stock on hand is a financial burden on your retail business. Slow sales means less ability to cycle in newer inventory...

When you start a retail business, one of the first things to figure out is where you’re going to find products to sell. This might...

Managing your inventory and ordering supplies is an essential part of running your business. Unfortunately, it can be incredibly tedious,...

It may not be the sexiest part of your store, and it doesn’t get a lot of customer eyeballs, but your stockroom is still a critical...

There are few things more critical to the success of your small business than a robust and well-rounded inventory management process....

Sourcing inventory is an important part of running a retail or ecommerce business. You need to strike a balance between products that...

Dealing with dead stock can be a daunting issue for any retail business, posing significant financial burdens and logistical headaches....