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How to Manage Product Variants at Scale

Inventory Management

8 min read

How to Manage Product Variants at Scale

Learn how to manage product variants across channels with better SKU structure, inventory accuracy, and faster fulfillment as you scale.

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How much inventory should I start with? How much inventory should I start with?

Inventory Management

Mystery Revealed: How Much Inventory Should I Start With?

There is no definite answer to the question of “How much inventory should I start with?”. However, some practices and formulas can help you develop a practical and efficient inventory strategy.  It is crucial to…

5 min read
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inventory costing method inventory costing method

Inventory Management

Which Inventory costing Method Should You Choose?

Choosing the right inventory costing method is critical for stock management, order fulfillment, and overall manufacturing organization to grasp the cost of products sold. This helps the business to be successful in the long run. …

8 min read
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SKU number SKU number

Inventory Management

What Does the SKU Number Stand for? Click to Know!

The term “stock keeping unit” refers to a number (typically eight alphanumeric digits) merchants assign to items to monitor stock levels internally. SKUs should include data on a product’s most significant features, such as price,…

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Ending inventory formula Ending inventory formula

Inventory Management

The beginning and ending inventory formula

Ending inventory refers to the monetary worth of a product that is still available for purchase at the end of an accounting period.    It is an essential component for calculating the Cost of goods…

6 min read
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COGS formula COGS formula

Inventory Management

What is the cost of goods sold? COGS formula

Cost of Goods Sold is essentially the cost of manufacturing the products that the company ends up selling.    When it comes to tangible commodities, it usually comprises the value of current inventory and any…

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Multichannel inventory management Multichannel inventory management

Multichannel Sales

Multichannel Inventory Management Explained

In order to establish a robust online presence for your business and increase revenues, it is crucial to offer your products on multiple sales channels. It is also essential to ensure that your business is…

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Inventory Management

Procurement vs Purchasing: main differences explained

Procurement and purchase are frequently perceived as the same and are often used interchangeably. However, it is vital to understand that procurement and purchasing are two separate processes, and despite their similarities, they perform different…

7 min read
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The just-in-time management The just-in-time management

Inventory Management

Just-in-time (JIT) inventory explained

Investopedia defines the just-in-time (JIT) inventory management strategy as a system that arranges raw materials, finished goods, and other types of inventory with production or retail schedules. The main initiatives of applying just-in-time inventory management methods…

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stock controlling stock controlling

Inventory Management Multichannel Sales

Which Stock Controlling Method is the best for you?

Before we dive deeper into specific strategies of stock control and inventory management system, let’s first define stock controlling.  Stock control or inventory control, is the act of having the precise amount of stock on…

4 min read
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Inventory control Inventory control

Inventory Management

What is inventory control, and how to automate it?

Inventory control helps you keep track of your inventory levels. This helps you to make the most of your resources, satisfy consumer demand, and avoid product deterioration while reducing costs.    It aims to manage…

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Omnichannel retailing definition Omnichannel retailing definition

Inventory Management Multichannel Sales

Omnichannel retailing definition. Should you implement it?

Customers have a wide array of new channels with which they get familiarized with various products and services and make purchases. They can utilize many channels simultaneously when shopping; search on one channel, and purchase…

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What is good inventory turnover ratio What is good inventory turnover ratio

Inventory Management

High or low? What is a good inventory turnover ratio?

Wonder what is a good inventory turnover ratio for your company and whether your company’s current balance is good or bad? We got the answer!   Inventory turnover, often known as stock turnover, measures how…

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Inventory Management

Inventory counts: its methods and main benefits

Physical inventory counts are usually tedious and time-consuming tasks for employees. It usually requires business operations to stop because no inventory movement should happen in warehouses or stores. Thus, both business owners and employees are…

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Average inventory formula Average inventory formula

Inventory Management

Average inventory formula: how to calculate average inventory

Inventory management is crucial for minimizing and controlling inventory-related costs and meeting customer demands. There are many tools and techniques that businesses apply to improve inventory management processes. One of these is calculating and analyzing…

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Inventory Management

Inventory control methods

Choosing the best-fitting inventory control technique is a complicated decision for a business. With the business growth, inventory management becomes a more challenging task. Thus, it is crucial to set a well-informed and proper foundation…

4 min read
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