Contract manufacturing has been around for many decades. It seems that its popularity has skyrocketed in recent years, as more and more businesses opt for this way of manufacturing their products. As Fortune Business Insight reports, “the global Contract Manufacturing Organization (CMO) market size was valued at USD 92.42 billion in 2018 and is projected…
Author:
Zoi Vasileiou works as a Marketing Assistant for Megaventory the online inventory management system that can help businesses synchronize stock and manage purchases and sales over multiple stores. She loves content creation, keeping up with the latest marketing updates, and always enhancing her skills.
How to Choose the Best Barcode Scanner for Your Warehouse
Ever since barcode scanners have entered the inventory management industry, every procedure has been accelerated and simplified. Among the reasons why you should implement a barcode scanner in your warehouse operations is the reduced time consumption of simple tasks like inventory-taking, the elimination of human errors, as well as the organizational efficiency it offers. Seeing…
Why Inventory Management for Ecommerce Sites Is Important
Inventory management software has become an integral part of eCommerce sites. As the demand for inventory management software has doubled in the past five years, many will wonder what the benefits of such a change are. Simply put, the advantages inventory management offers to eCommerce businesses are hard to ignore. The automation of mundane everyday…
5 Ways to Optimize Your Business’ Inventory Risk Management
Every business that sells or manufactures products should implement an inventory risk management system. Inventory risk refers to the possibility that a company won’t be able to sell the goods sitting in its warehouse. This phenomenon might occur as a result of poor inventory management and is sure to leave your business in dire need…
5 Ways to Improve Your Supply Chain Strategy
A supply chain is a system handling the production and distribution of goods. This system is used to manufacture products and services from raw materials and sell them to end customers. A well-functioning supply chain strategy is the pillar of a profitable enterprise. However, this process can be extremely hectic and disorientating as it includes…
5 Reasons Why Accurate Inventory Is Essential for Business Success
One of the most common obstacles a business will ever face is managing its inventory. Accurate inventory management can prove to be very challenging, especially if there are multiple storage locations and many products to handle. Nevertheless, an accurate inventory will give you valuable insight into your business’s operations, pain points, and strengths. Therefore, targeting…