PR and PO might be the terms you frequently encounter if you’re ever applying to managerial staff for some corporate purchase. Both documents make corporate expenses transparent and under tight control.   As purchase requisition…

Due to the rapid advance of innovative technologies, present-day consumers have higher expectations for the quality of online shopping. This happens for a reason: people have learned that their time is money. Therefore, they expect…

There are a lot of complicated stages of strategic supply chain management involved in every successful eCommerce and wholesale business. The companies vary, and each one faces specific challenges in order management, warehouse operation planning,…

Want to expand your business and go international? Great decision! eCommerce is one field that allows vast internationalization opportunities and broadens the consumer base.    However, taking your business to a new level also comes…

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…

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…

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…