Also known as inventory outstanding, days in inventory refer to the number of days it takes for stock to turn into sales. While the formula for days in inventory may vary from sector to sector, the general rule of thumb is the lower the inventory ... Read more →
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 ... Read more →
Say that you decide everything from the design and packaging to the concept and materials of the product. Afterward, the supplier manufactures the product according to these specifications. The outcome is your own product with your own brand name on ... Read more →
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 →
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 →
One of the most important factors in e-commerce is precise delivery. Doing your best to meet your customers' expectations and providing timely delivery is as critical as ever, with the e-commerce market innovating itself by the minute. Nonetheless, ... Read more →
In every business, customer-oriented demand fluctuations take as a standard to some degree. A retailer sells 100 packs of socks one month, while the same retailer doubles the sales next month. Of course, this is not a one-way journey. The increasing ... Read more →
