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 ... Read more →
In the business world, many parts are working together. Manufacturers, suppliers, wholesalers, retailers, third parties, etc... Manufacturers take the raw materials and make the product. Wholesalers buy those products and sell them to retailers. ... Read more →
When pricing your products and services, determining the average total cost is an essential part of your accounting process. This step ensures you are pricing your products high enough to recover both your variable and fixed costs. The total cost ... 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 →
Order fulfillment is an essential part of any e-commerce business operation. As your online business grows, so do your fulfillment procedures and warehouse management options, making it much more challenging to tackle in-house logistics operations. ... Read more →
E-commerce product shipping is a complex operation and choosing the right carrier isn’t simple. The good news is that with so many providers on the market, there is bound to be a shipping solution that fits your business model. Read more →
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