Only a few business tactics truly improve operations and increase revenue streams. Kitting and assembly fit into this special category. Inventory kitting is also known as product bundling. This is where a business groups, packages, and sells items ... Read more →
Even prior to 2020, the food and beverage industry was already witnessing major changes due to rapidly shifting consumer preferences. Today, largely due to the Covid-19 crisis, these trends have accelerated considerably. As a result, an explosion of ... Read more →
The boom in ecommerce has impacted the wine and spirits industry in a huge way. According to recent Nielsen data, alcohol ecommerce sales were 6 times higher in April 2020 compared to the same time period a year ago, primarily driven by an increased ... Read more →
A lot is a batch of products or goods produced, harvested, or collected together into a single group. The entire batch of goods is identified by a single lot number. Every item in the lot carries the same lot, and each lot is managed separately in ... Read more →
US E-commerce spending grew 93% year over year in May largely due to the pandemic and stay-at-home orders, and the trend is expected to continue going forward. Likewise, the global e-commerce boom has generated a huge demand for fulfillment services. Read more →
During the first half of 2020, year-over-year sales growth for U.S. online retailers tripled compared to the first six months of 2019. It’s not unheard of for some warehouses to have increased shipping up to 12 times higher compared to pre-2020 ... Read more →
The whole world changed suddenly 3 months ago. The way people shop, the way businesses operate changed all of a sudden. No one knows if there is going to be “going back”. Read more →
As we are going through challenging days, there have been important changes in the community and people’s daily lives. Because of quarantine and shelter-in-place orders in various states, people are shopping online instead of going into brick and ... Read more →
TRANSITION FROM LOW TO HIGH VOLUME WITH PUT WALL PICKING. There is always a hard part in every transition spot in business as well as in life. There is always a challenge with the middle. You can’t move any direction - up or down. You don’t know ... Read more →
Purchasing inventory is one of the biggest risks a retailer takes. If they don’t sell everything, they end up with excess stock and valuable capital tied up in an unmovable product. Read more →
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