Procurement management is the whole system within an organization, the purpose of which is to optimize the company’s spendings. In more detail, the procurement process includes acquiring required goods and services from vendors within established…

Overstock is a technology-driven online retail platform located in Salt Lake City, Utah. It was a startup which started in 1999. Since then, it has evolved into a billion-dollar retail company that is competing with…

Spendings are very important for any business. And one component of their spendings refers to purchase orders. This component is crucial as it helps business owners determine precisely the amount of finances needed to spend…

When starting a small business, there is not that much to worry about at the very beginning. But then, with your business growing and expanding, issues and challenges increase as well. For example, in case…

The core value of each business is to ensure a product reaches the right customer at the right moment. Having adequate, high-quality inventory management and tracking significantly helps generate higher sales volume and thus meet…

Online shopping has become an indispensable part of the international retail framework. With the ongoing digitalization, the retail industry has undergone a significant transformation. As internet access becomes available everywhere around the world, the number…

Order management is a process for controlling the life cycle of order processing. The ordering process starts from order placement by a customer, moves through stages of order preparation and shipment, and fulfills when the…

Inventory is a crucial asset for businesses operating in retail and wholesale industries. The whole business operating processes rotate around properly managing the inventory by reducing costs yet ensuring stock availability and quality. If not…

Cash outflow refers to the money that the companies spend aiming for different purposes. It may be the cash for the staff wages, for example.   The cash outflow is contrary to the cash inflow,…

There are businesses of various sizes. For all of them, the key to success differs. In the beginning, it was different. For most online businesses, it was enough to do the primary functions well. But…

A bill of lading or just a BoL is a legal document. It describes the details about the type, quantity and destination of the goods. A carrier issues this document to the shipper while they…

Making money also requires investment. The ebusiness wastings include various points. They are starting from hosting fees to shipping expenses, varying from inventory costs and so many others. That’s why there is a technique thought…

The use of artificial intelligence in ecommerce changed the face of this industry once and forever due to all the benefits it offers.   You can find many cases of the practice of AI in…

In each field, terms are one of the various vital aspects. For people who are dealing with sales processes knowing the warehouse terms are significant. And it is of equal necessity both for retail and…

Currently, selling online through e-commerce sales channels is one of the most guaranteed ways to reach a rising amount of online shoppers. There are so many platform options to choose from. But today, we focus…