The B2B (Business-to-Business) model refers to trade between companies, for example, wholesalers and retailers, in contrast to B2C (Business-to-Consumer) which refers to transactions between businesses and end customers. If you’re a B2B entrepreneur, you’re probably aware of the necessity of an online selling platform. In 2022, having an eCommerce store is not an option –…
Category: inventory management
What Is A SKU In Inventory Management? The Ultimate SKU Guide
If you are preparing to start a business or already have a company that deals with stock, you probably have heard about what is SKU in inventory management. You might even be already familiar with what it means and how to implement it. But many people lack a full understanding of SKUs. It’s important to…
How Bad Inventory Management Results In Lost Customers
Inventory management affects the whole customer experience in many ways. Since inventory management is the process of purchasing, storing, and selling products, it can have an impact on customers. Thus, bad inventory management, like slow delivery and product unavailability, can lead to customer dissatisfaction. Let’s see what we mean by customer satisfaction and bad inventory…
3 Useful Integrations For Your Web-based Inventory Software
In today’s digitalized world, the demands of the eCommerce industry have increased. The expansion in customers and business needs impacts the management and development of each business. Since you already use a web-based inventory software to track your stock, you might have noticed that a stand-alone inventory management system can not ensure the synchronization between…
Five Of The Most Important Types of Inventory Risks
While inventory management is beneficial and necessary for businesses that handle physical stock, it comes with some risks. Those risks can have a big impact on the whole process of stock management as well as on customer satisfaction. Also, most of the time you can avoid them but other times you cannot. Since companies invest…
Inventory Management vs Warehouse Management: Is There a Difference?
We constantly hear about inventory vs warehouse management. Many times, those two are also used as synonyms. But are they actually the same thing or is there a difference between them? Also, why are they important for businesses? Let’s dive into their differences, similarities, and their importance! What Is Inventory Management? Inventory management focuses on…
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…
How to Choose an ERP System for Your Ecommerce Inventory Management
The number of companies that have fruitfully adopted cloud inventory management solutions in their e-commerce business keeps growing annually. This process is happening due to the flexible functionality, automation, and optimization of the e-commerce workflow, which makes such a helpful tool demanded. This article will reveal the cloud inventory management significance for e-commerce businesses, the…
7 Best Practices for Online Sales with Cloud Stock Management
Managing an online store has a lot of moving parts. And a huge part of it is about managing your inventory so that products are readily available for timely delivery to the customers while ensuring they don’t expire in your warehouse itself. Simply put, you need to ensure efficient inventory management. Here’s why… Why Is…
What You Need To Know About The Apps of a Franchise Business
Running a franchise network, or any business spanning across various geographical locations can be a challenge these days. It is not only the franchisees or other types of partners, the logistics, personnel, and marketing aspects that are critical and require constant attention; the competition is also severe for any industry, and both new entrants to…