While running an e-commerce business, there are some cases that are the worst to think about. The majority of retailers knows them perfectly. Those are understock, outofstock, and overstock. The reason is that they can’t…

Customers got used to expecting to get their orders fulfilled early. This has made the job of warehouses quite challenging and takes all the steps very seriously. Warehouses should regularly care about keeping inventory.  So,…

The Order Fulfillment Process includes operations of receiving goods and sending them to the end consumers and starts with product purchasing and includes the order returning operations as well. The order fulfilment process consists of…

DPD parcel tracking is the second-largest express parcel courier service in Europe.  DPD stands for Dynamic Parcel Distribution. There are nearly 42,000 local DPD pickup points all across Europe. This company delivers 5.2 million parcels…

Every business holder knows the golden rule: time is money. If you lose time, you’ll consequently lose some of your money. Not to appear in such a situation, your employees should have an efficient system…

Obsolete inventory management is one of the hardest things to do in retail. It’s also known as  “obsolete stock,” “dead inventory,” or “excess inventory.” Any business can deal with cases of inventory obsolescence as the times’…

An order handling fee is a specific amount of money that the sellers charge from the shoppers for the products’ final order fulfilment.   It covers up costs related to materials’ shipping, wrapping, parcel insurance…

Inventory is a current asset as long as you can sell it within twelve months or the next accounting period on the balance sheet. Assets are a company’s resources. There are two types of assets…

Final products go through the long way of manufacturing. And the components having the leading part in this way are those that should be created or bought beforehand. The production process starts right when the…

The perpetual inventory system or a continuous inventory system is an accounting method that helps to track inventory volumes with real-time stock updates. The Perpetual Inventory Method dominates the retail industry due to the profound…

Many retailers refer to shipping and logistics as the same or use them interchangeably. However, they are completely different in origin.   This blog post will help you to find out the elements of logistics…

  Warehouse kitting involves gathering multiple SKUs (Stock Keeping Unit) and combining them in a package to create a new SKU. Order fulfilment via preassembling them into individual items in the form of ready-to-ship kits…

Everyone knows Excel – it is one of the most famous and widespread tools for keeping data, as well as excel inventory. But it’s rather complicated, and it is almost impossible for omnichannel or multichannel…

Vendor Managed Inventory (VMI) as a strategy assumes the buyers (retailers) to coordinate with the vendors to exchange information. Vendor Managed Inventory (VMI) is a relatively new concept in the retail industry. The Benefits of…

Inventory management and control is an integral part of any e-commerce business. Everything should be perfectly thought out for better management, and over time different software came out to solve these issues. They all help…