34% of the top 50 U.S. retailers have reported poor forecasting accuracy. Considering a deviation of 1% in either over-forecasting or under-forecasting can cost a company thousands, or even millions of dollars, you have to wonder why? Only about 60% ... Read more →
USPS has a unique understanding of shipping zones. USPS zones are defined based on the distance a package has to travel from its original point. As a result, a lot of confusion occurs when defining various USPS shipping zones, and the most common ... Read more →
If you're an interested businessman and sell goods, you've most probably heard about "ending inventory" This term explains the total value of products a company still has for sale at the end of an accounting period. It is a piece of vital ... Read more →
One of the most important calculations to factor in when running a business is the concept of margin. A margin calculator is bound to be your best friend when calculating an item's revenue. Defining the gross margin of an item is relatively easy to ... Read more →
What is deadstock, you wonder? Simply put, deadstock is inventory that doesn't sell. Unfortunately, Deadstock is a common issue with businesses that don't use any inventory management software. As a result, the products that don't sell can remain on ... Read more →
You need to know the cost of goods sold to calculate your business's profits. Calculating and defining the cost of goods sold is an important factor in setting prices and managing your business budget. So what is the cost of goods sold? How do ... Read more →
Being the largest online marketplace and one of the big five companies in the U.S information industry. Amazon.com has numerous services to make people's life easier. For instance, the paid subscription program Amazon Prime gives you one or two-day ... Read more →
Shopping online is not so different from shopping in a store. As customers, we all have certain expectations and bullet-points we need to have met, as well as encountering millions of other distractions throughout our shopping journey that may ... Read more →
Also known as optimum lot size, economic order quantity is a formula designed to find the optimal order quantity for businesses. In this way, companies can minimize their logistics, warehousing, and stock costs to a reasonable level. Business owners ... Read more →
If you are trying to start a new business and want to make a considerable amount of money over the internet, selling your products online is one of the best ways to get there. Being the leading e-commerce platform worldwide, Amazon is one of the ... Read more →
