Inventory Management

Inventory Management

14 June 2024

An important part of running a business effectively is ensuring that you are getting the most value out of your storage and logistics costs. With so many micro-costs and variables involved in the supply chain, it can be difficult to...

Inventory Management

26 May 2024

Optimizing inventory levels throughout the supply chain is a critical strategy in modern supply chain management, going beyond simply maintaining stock. Multi-echelon inventory optimisation (MEIO) is a sophisticated approach that allows your business to maintain the right balance of inventory...

Inventory Management

20 May 2024

Proper stock control lies at the heart of effective inventory management and is crucial for maintaining a streamlined business model. By accurately managing stock levels, you can ensure that you meet customer demand without incurring unnecessary storage costs. This balance...

Inventory Management

17 May 2024

Consignment inventory is a unique method of managing stock. Suppliers provide goods to retailers without transferring ownership until those goods are sold. This approach allows retailers to offer a broad range of products without the burden of purchasing inventory upfront....

Inventory Management

13 May 2024

Painting an accurate picture of your inventory costing isn’t exactly the easiest thing to do if you’re shipping a lot of orders each month. However, inventory management has a huge impact on profitability, so the more you understand which goods...

Inventory Management

12 April 2024

eCommerce inventory management ensures that your stock levels are maintained at a balance that meets customer demand while maximising cash flow.

Inventory Management

29 February 2024

In the context of today’s highly competitive eCommerce market, as well as uncertain economic conditions, it’s more important than ever for businesses to try and squeeze every drop of value and efficiency out of their supply chain. In today’s article,...

Inventory Management

15 January 2024

Calculating ending inventory is a critical component for any business dealing with physical products. It’s the value of goods that remain unsold at the end of an accounting period. It is a key figure in determining a company’s cost of...

Inventory Management

5 January 2024

Struggling with stock imbalances and inflated costs? Effective inventory management is the unsung hero in streamlining your business’s operations and boosting growth. Dive into our guide to discover why inventory management is important and how mastering this skill ensures optimal...

Inventory Management

28 November 2023

As an eCommerce business, it’s only natural that a customer may want to return a product to you. There are many reasons why a customer returns a product; sometimes it can be avoided, sometimes it can’t. Returns management is one...

Inventory Management

8 November 2023

It’s not uncommon for the number of SKUs a business sells to grow as the business does. When this happens, it gets much more difficult to manage inventory, and we can end up forgetting about those products lying on the shelf that nobody has bought.

Inventory Management

3 November 2023

For eCommerce businesses operating with large amounts of inventory, inventory costs account for a significant portion of their overheads. In this article, we’re going to take a look at the different types of inventory costs, how you can calculate your...

Inventory Management

18 October 2023

Welcome to a deep dive into one of the most straightforward yet impactful inventory management strategies: the FIFO method. Whether you’re managing a tech retail store or overseeing a large manufacturing unit, FIFO is a term you’ve likely come across....

Inventory Management

9 October 2023

It’s pretty common for brands to run out of stock. However, stockouts can do quite a bit of damage to both your business reputation and your bottom line. That’s why it’s important to have a strategy in place to ensure...

Inventory Management

8 September 2023

For businesses that deal with the sale of physical goods, inventory management is one of the most important skills to have. Good inventory management will result in less storage costs, less wastage, and more opportunities. It’ll also ensure a good...

Inventory Management

12 May 2023

Inventory turnover ratio is an important metric to track for any retail business, whether you’re a traditional brick-and-mortar store or an online eCommerce brand. Today, we’re going to take a look at what inventory turnover is, how to calculate it,...

Inventory Management

5 April 2023

We’ve all been there. A product you just need to have right now, but it’s on a backorder. It’s frustrating, annoying, and chances are, you’re going to head to another online store that can get the product in your hands...

Inventory Management

22 November 2022

For eCommerce businesses, products are their bread and butter. While good products aren’t all you need to succeed (enter customer experience, a good distribution strategy, and a strong brand), it’s your products that will draw your customers in. How and...

Inventory Management

26 August 2022

As a customer, there’s nothing worse than being super excited about a product only to find that it’s out of stock. You can double that frustration when you’ve checked out, and a few days later you receive an apologetic email...

Inventory Management

23 July 2022

Inventory positioning refers to the physical location inventory occupies within the warehouse and the wider supply chain. Part of any supply chain or warehouse manager’s role is to ensure that inventory is positioned in the optimal location in order to...

Inventory Management

15 July 2022

Holding the optimal amount of stock in storage at any one time is more difficult than it sounds. eCommerce business owners need to strike the balance between being able to meet customer demand and avoiding unnecessary storage costs due to...

Inventory Management

3 March 2022

Minimum order quantity is a requirement from some manufacturers for the minimum number of orders to be purchased at one time. This is required in order for manufacturers to remain profitable, as often they work on smaller margins and require large order volumes to generate enough revenue to maintain their business.