Unlike the traditional B2C market, where innovation and efficiencies are typically implemented as soon as they become available, the B2B market struggles with the process. Streamlining the B2B purchasing process is difficult because of the various steps and limitations within the procurement process itself. What causes the delay? How can companies move beyond this constant…
Category: purchase
Purchase Order Tracking: The Importance In The Inventory Management System
Right from the tracking of a purchase order to an inventory management system the contemporary business world is witnessing the digital revolution. In fact, if we look at the statistics given by FinanceOnline Review, 70% of organizations are either already under a digital transformation process or are working on one. If such a huge amount of…
3 Useful Tips to Reduce Cart Abandonment in eCommerce
Editor’s Note: This post was originally published in November 2017 and has been completely updated in November 2022 for accuracy and comprehensiveness. Few things are more frustrating for eCommerce businesses than customers failing to check out their shopping carts. Even if your website is effective enough to convince a customer to fill their online shopping…
How to Get the Most Benefits from Inventory Analysis Reports
Once you’ve set up an inventory management solution for your business you’ll get comfortable with the basic functions and routines it enables for your company. Now it’s time to answer this question: how will I allow my company to run better? How will I optimize it? Sure, that’s a broad question. The one thing that…
How to Handle Sales With ERP Software Like a Pro?
Sales are arguably the lifeline of your business. Efficiently controlling the sales order your customer issues is crucial. To do so, you’ll want to handle sales with ERP software in order to synchronize everything with your real-time inventory. Here’s how easy it should be to issue a sales order: Step 1. In your Megaventory account,…