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…
Category: inventory optimization
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….
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…
Inventory Risks and How to Avoid Them
No matter how good your inventory management is, there are some risks that most businesses can not predict. Which are these inventory risks and how you can avoid them? Which Are The Most Common Inventory Risks? 1.You Aren’t Fully Digitalized Are you using spreadsheets to track your inventory? Even if you do, are you sure…
Improve Your Inventory Management Using Our New Zapier Integration
Megaventory Now Connects with Thousands of the Most Popular Apps! Did you know you can easily supercharge the Megaventory software by connecting it to the top software applications? Thanks to Zapier – our vital API extension – you can easily improve your inventory management by connecting with some of the world’s top apps, such as:…
How To Improve Your Inventory Management
Editor’s note: This post was originally published in December 2018 and has been completely revamped and updated in October 2022 for accuracy and comprehensiveness. When you want to improve your inventory management, you need every process to move like a well-oiled machine. As one of the last and most important steps in the retail pipeline…
“Out of Stock”: 3 Inventory Management Horror Stories You Need to Learn From
Inventory management problems are no theoretical issue. In fact, it’s still with us in 2022. Let me share an example: Earlier this year, I was shopping for spinach at one of the larger supermarkets in my neighborhood in Toronto. The only options were salad greens… however, like Popeye, I prefer spinach! I ended up tracking…
Choosing the Right Inventory Management Software For Your SMB Business
Choosing the right software for your business is the tool to survive in a highly competitive market. It helps you become more efficient with managing your resources, saves up valuable time, and in the end, it means more sales and revenue. However, finding the right one can be challenging for constantly busy people so let’s…
Why Is Business Software Becoming So Popular In The Supply Chain World?
Editor’s Note: This blog post was originally published in June 2015 and has been completely revamped and updated in January 2023 in order to be comprehensive and fully understandable. Software Advice is a firm that helps buyers find the right order management system for them. Recently released a large study about the latest trends in…