Knowing the cost of goods manufactured and the cost of goods sold is crucial for maintaining a balance over your production costs. COGM or cost of goods manufactured refer to goods that were manufactured by a company and were involved in a plethora of processes in order to produce the finished product and deliver it…
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Stamatia Manolara is a Digital Marketer and Content Creator for Megaventory. Her passion is staying up to date with the latest digital marketing technologies as well as upgrading her skills and developing new ones.
WooCommerce vs BigCommerce: Which Is The Best Platform For Your Business?
Are you spending valuable time to find a great platform to automate and streamline processes? We collected all the information needed to come up with the right decision! In this article, you will get a better idea of the benefits and drawbacks of WooCommerce vs Bigcommerce! So let’s dive into it! What Is WooCommerce? WooCommerce…
Magento VS WooCommerce: Which One Is The Best Platform For Your Business?
In the contemporary ecommerce industry, having a powerful environment where you can build an online presence for your brand is crucial. Choosing the best eCommerce solution for your online presence has always been a dilemma for business owners. However, Magento and WooComerce are well-known platforms that have the potential to optimize your business operations and…
Choosing the Right Code for Your Business: SKU vs UPC
Are you running a manufacturing, ecommerce, or retail business? Then you may have heard about SKUs and UPCs. While these two types of codes have multiple things in common, they are practically different. We prepared this in-depth guide to help you get a better understanding of SKU vs UPC. Let’s dive into it! What Is…
Everything You Need To Know About ERP vs MRP
In today’s world, the supply chain industry has developed to the level that Enterprise Resource Planning systems and Material Requirements Planning systems are of high importance for a business. Both of these systems have gained popularity in recent years because of their ability to improve the efficiency of a business’s operations. Also, they can be…
Our Inventory Management Software Features: This Year In Review
2022 is coming to an end so it’s time to wrap up the year. How will we do that? By taking a moment to look back on the hard work Megaventory’s team put in to implement new features, improve the software’s services and integrate with other platforms! In 2022, we launched multiple powerful inventory management…
Best Tips on How To Select A Software That Will Help You Achieve Your Goals For Next Year
Nowadays, there are plenty of ways out there to improve the business processes of a company. Due to the many options of software solutions on the market, each business has access to multiple tools to take advantage of the day-to-day workflow. But what are the key factors that a company should consider before moving into…
Inventory Planning Basics: Advantages, Challenges, and How To Overcome Them
We’re pretty sure that you’ve heard about inventory planning before. But how much do you know about it? In this guide, you will get familiar with it, and you’ll learn more about the advantages and challenges a business may face when putting it into practice. So let’s dive into it! What Is Inventory Planning? The…
How to Manage Effectively Your Seasonal Inventory for Halloween
We’re closer and closer to Halloween! This spending holiday affects dozens of retailers, drop shippers as well as large manufacturing companies. A well-prepared business makes out the most of seasonal inventory management in order to maximize sales and avoid overstocking errors. Seasonal inventory management is known to be a difficult task for all types of…
How To Differentiate A Sales Order vs An Invoice?
Running a business involves multiple operations. Specifically, from ordering or manufacturing a product to sending it out to the customer. In order to run a business smoothly, you need to understand the different types of documents and their purposes. Sales orders and invoices are the documents that businesses use in the day to day operations….