Cutting-edge industry trends and practical tips to make fulfillment excellence a competitive advantage.
Forecasting: What is Forecasting and Why is it Important for Businesses Today’s business world requires an agile strategy interpretation and an effective operational management system in order to evolve beside the rapidly changing business climate. At this stage, forecasting comes into play and enables companies to plan ahead for unexpected events. Here you can find […]
A perpetual inventory system is an inventory management accounting method designed to update all the relevant information regarding the company’s accounting process. Perpetual inventory records real-time transactions that have been received or transactions related to sold stock. While this method is usually considered more efficient and handy than a periodic inventory system, it also involves updating and tracking inventory […]
Ending Inventory Key Takeaways 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 information for businesses not only for the chance of […]
Deadstock: What Deadstock Is, What Causes Deadstock, and How You Can Avoid & Manage It 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 warehouse shelves for ages, useless […]
This comprehensive guide will equip you with a deep understanding of the Cost of Goods Sold (COGS) and its significance for your business. By reading this article, you’ll learn how to calculate COGS, understand the differences between COGS and operating expenses, and explore methods to reduce your COGS, ultimately enhancing your business’s profitability. Key Takeaways: […]
In this article, we delve into the intricacies of delivery exceptions, a common challenge in the e-commerce world. We shed light on why these exceptions occur, their impact on e-commerce, and the various strategies businesses can employ to handle and prevent them. By the end, you’ll be equipped with the knowledge to navigate delivery exceptions […]
