Have you ever heard of the term ABC analysis? You probably have. Here is everything you need to know about ABC analysis.    What is ABC analysis? Definition & history    Before diving into the…

You have probably heard the abbreviation ROI. But have you ever thought about what it means? This article will look through ROI, how it is calculated, and why it is significant in any business and…

To increase efficiency, manufacturing organizations have to implement the appropriate production strategy. There are three central production systems in the manufacturing world: Mass (or continuous), batch, jobbing. Some companies use all three production types. If…

If you’re looking for some tried-and-true method to increase your sales revenues, you’ve got your answer! This blog post will guide you through retail upselling and the main upselling techniques in retail you can use…

During the past years, due to the pandemic, consumers have extensively adapted to online shopping culture, thus largening the eCommerce net. B2B E-commerce setting in its core does not fundamentally differ from B2C eCommerce. Yet…

Vendor-managed inventory is a partnership between retailers and distributors when the latter takes control over the seller’s inventory. VMI is a widely popular approach used by numerous companies worldwide to reduce inventory management costs and…

Accurate inventory management is of critical importance nowadays, as it directly affects how the selling company can deliver orders on time. Thanks to well-organized inventory, businesses can prevent stock-outs and ensure there is always a…

Literally translated from Latin, the phrase “de minimis” means that something is too small to have a significant influence. Depending on the industry, de minimis value can indicate different things. For example, de minimis is…

Running an international business might be a hassle without an in-depth knowledge of all the company’s procedures. That’s especially true for companies operating in the export/import of goods. Here, the products travel a few countries…

Are you aware of upselling technique? It’s the strategy that helps to sell more to your existing customers. So, if you don’t have it in your sales strategies yet, it’s time to correct that mistake. …

Want to squeeze maximum effectiveness from your sales funnel and make your acquired customers purchase as many products as possible? You can do it with a popular strategy of cross-selling.    The cross-selling technique is…

What if we tell you, you can buy customized things without paying extra money?   Do you think it’s a utopia? It’s not!   Producing customized items by charging mass-market prices is a relatively new…

Having insufficient insight into the inventory is a nightmare for most managers and business owners. So, it’s no secret that companies should set assumptions and estimations aside and implement precise inventory management systems that will…

Delays in the supply chain and unexpectedly longer lead times are the nightmare of inventory managers. That’s why there are several stock management techniques in place, which help retailers cope with demand fluctuations, market and…

Have you ever waited to buy your desired item during holiday discounts? You probably did, as most of the brands offer decreased prices during special occasions and holidays to increase their sales, and we all know…