World Maritime Day is celebrated every year, on the last Thursday of September. It is founded by the United Nations (UN) in collaboration with the International Maritime Organisation (IMO). The purpose of it is to bring awareness to the importance of the maritime industry, as it strongly supports the global economy. It also emphasizes the…
Category: stock
How to choose a supplier based on product lead times and availability
If you run your own retail or wholesale company, you need to ensure a supply chain that works as efficiently as possible. The essential task that you must follow is to know how to choose a supplier to work with. While you manage your sales and orders, the right choice of supplier can help you…
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…
How to Use Weighing Scales For More Efficient Inventory Management
It is crucial for every single business which deals with inventory to keep track of it. However, keeping track of each and every piece of inventory can be extremely challenging, especially if the inventory consists of small parts. In fact, counting such parts by hand is rather impractical. So what do you do? You implement…
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…
Magento 2 and multiple Magento stores now supported
It is almost three years now since our first integration with Magento and today we have some exciting news! This year Magento 2 was announced and we just loved the new improvements. The new version is totally revamped, offering a great user experience. So, during these last couple of months, we worked carefully to upgrade…
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…
Inventory optimization: Megaventory integration with Salescast
We’ve been hard at work the past couple of months and we’re now ready to announce another solution Megaventory has to offer – we’re happy to announce the integration of our service with Salescast by Lokad! Lokad offers Big Data applications for commerce businesses such as protection from competitor price scraping, phantom inventory removal, out-of-shelf…
Partnership announced between 4C Predictive Technologies and Megaventory
We’re excited to announce a new partnership between Megaventory and 4C Predictive Technologies! 4C is a Saudi Arabian company offering a wide range of services related to business intelligence for the retail sector. Their services fall in three broad categories: Visual Merchandising, i.e. product handling (inventory management, picking and packing, etc), Visual Intelligence, i.e. providing…
Tracking incoming & outgoing goods in your warehouses
This post was originally published in 2012 and has been updated in 2021. Online shopping and a demand for high-speed delivery is a huge trend in consumer goods. A survey by Clutch indicates that 45% of consumers are unlikely to go back to a business that hasn’t delivered their package according to schedule. We know…