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…

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…

Bureaucracy is not the happiest yet unavoidable part of the eCommerce business. If you’re sometimes stuck at your business documents, having difficulties figuring out what is what, don’t worry; you are not the only one. …

There is so much noise about eCommerce and its thriving popularity in the 21st century that even the biggest fans of brick and mortar try their hand at it.    If you are one of…

We don’t want you to go into the guesswork of what a fulfillment center is and how it is different from a warehouse or distribution center. So, we’ve designed this blog post that will answer…

At the end of the year, professionals trawl the net to find which trends or changes they should expect for the upcoming year.    If you are engaged in supply chain management, you can skip…

If you are directly engaged or somehow related to the eCommerce industry and don’t know about dark stores yet, you’d better hurry up to fill in this gap. We state this as dark stores are…

You have probably seen serial numbers many times, as most of your surrounding products have one. In the case of hardware products, you can see serial number on the device’s surface. Software product serial numbers…

With a limited product turnover, inventory management can be an easy, sometimes even manual task for a starting company. However, as your business progresses, you can’t enjoy the luxury of simple inventory management anymore.   …

To ensure long-term success for your business, it is essential to set the right selling price for your product.    Underpricing your products and services can cause significant financial and resource damages and drastically affect…