How much does poor inventory accuracy cost? According to the latest research, 53% of all non grocery markdowns are a result from bad inventory decisions. 50% of US retail decision makers cite inventory misjudgments as their primary barrier to ... Read more →
There’s a saying that, "The packaging sells the product the first time, but what’s inside sells the product a second time.” Read more →
A strategic supply chain management system is vital to the success of any product based operation. It can lead to increased customer satisfaction, reduced operational costs, and steady cash flow for your business. Read more →
Organization is an essential piece of inventory management. Your business can’t get very far if you don’t know what inventory you have. Read more →
As you expand your warehouses, your warehouse operations costs will rise. Among all your warehouse operations costs, labor accounts for 50-70%. Order picking accounts for more than 50% of those labor costs. One study revealed that as much as 70% of ... Read more →
What led to the downfall of Kmart, the rise of Walmart, and brought the iconic Ralph Lauren brand to its knees? Poor inventory management. Read more →
Data is king in today’s warehouses. You’re likely gathering more data than you know what to do with. Even as a consumer, we’re bombarded with more data than we can process during every moment we spend awake. You have no choice but to prioritize ... Read more →
Your business has grown, and you need better inventory and warehouse management options. Or perhaps you’re an established business looking at streamlining your processes. 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 →
Inventory management best practices change with technology innovations. Innovation is a key differentiating characteristic among retail businesses that stand the test of time. “Good” isn’t good enough anymore. When retail operations invest in their ... Read more →
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