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…
Category: inventory
How To Sell And Purchase On Consignment With Megaventory
Editor’s Note: This blog post was originally published in September 2017 and has been fully updated and improved in August 2023 to be comprehensive and easily understood. Selling on consignment is a useful arrangement that allows a supplier and usually a retailer to create a “win-win” situation, where they both share part of the risk…
Reasons Why Retailers are Moving Towards Inventory Management Software
In retail, inventory essentially is the business. Without properly understanding what’s on hand, how it’s performing, and what impact it has on the bottom line, good luck staying profitable. This is doubly true for the fiercely competitive world of SMB retailers. With the advent of the digital revolution, inventory management software for retail shops has become incredibly…
How to Prepare for Annual Inventory Taking
The end of the year is a great time to perform a physical counting of your inventory to start fresh in the new year. On top of that, as people cease shopping after Christmas, it is usually the slowest time of the year. That makes it the perfect time for you to minimize or stop…
Explore the Full Potential of Your E-Commerce Business: Integrate Magento with Megaventory
Editor’s Note: This blog post was originally published in December 2016 and has been fully updated and improved in October 2024 to be comprehensive and easily understood. As we celebrate 11 years since our initial integration with Magento and 8 years since the launch of Magento 2, we remain committed to this platform due to…
How Can an Independent Retailer Compete With Power Retailers
Following the success of our other two posts on the importance of the right retail software and the top online tools and services, we decided to give a final round to our series of retail articles. In this article, we asked successful retailers and experts what the challenges of an independent retailer are and how can an independent retailer compete…
6 Different Ways to Use an Inventory Management System
Editor’s Note: This blog post was originally published in June 2016 and has been fully updated and improved in September 2024 to be comprehensive and easily understood. When you hear “Inventory management”, you might immediately picture retail shops and warehouses, with someone writing down what’s in stock. But let’s be real- there’s so much more…
Megaventory’s capabilities just got multiplied by 400 – see how!
A new, powerful integration for Megaventory is launching today! We’re proud to welcome Zapier to the family of our existing connections with third party solutions – and what a member it is… For those who don’t know it, Zapier is an agile service that sits between various other solutions, services and software and can interconnect…
Inventory Management Report
We’re constantly on the lookout for studies regarding our industry so we can better understand where things are headed – and include value from such insights into Megaventory. As such we were happy to receive notice from inventory management software research and reviews website SoftwareAdvice about the recent survey they published on Inventory Management based…
Powerful Integration Between 4C Predictive Technologies and Megaventory!
Editor’s Note: This blog post was originally published in July 2013 and has been fully updated and improved in October 2024 to be comprehensive and easily understood. Strong data analytics and efficient digital transformation are more important than ever in today’s fast-paced corporate world, particularly for manufacturing companies. This is especially true in the context…