Electronics Manufacturing Services (EMS) refers to an economic sector and a specific subcontractor or company. Further, the terms “EMS” and the broader term “contract manufacturing (CM)” are commonly used interchangeably. The bottom line is that EMS companies provide original equipment manufacturers (OEMs) with various value-added engineering and production outsourcing services, allowing OEMs to improve operational…
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5 Ways To Manage The Purchase Order Process in 2026
Editor’s Note: This blog post was originally published in August 2023 and has been completely revamped and updated in November 2025 for better understanding and comprehensiveness. Managing purchase orders effectively is fundamental for businesses looking to streamline operations and maintain strong vendor relationships. In 2026, the landscape of procurement has evolved—driven by automation, digitization, and…
Megaventory: Top Warehouse Management Software By Software Advice
A new report was published by Software Advice, a company that helps buyers navigate their software evaluation journey. Megaventory was recognized as one of the best Warehouse Management software for businesses in its top-rated software solutions report. Additionally, Software Advice has recognized Megaventory as a Top Inventory Management Software. Are you interested in giving Megaventory…
Everything You Need To Know About COGM vs COGS
Knowing the cost of goods manufactured and the cost of goods sold is crucial for maintaining a balance over your production costs. COGM or cost of goods manufactured, refer to goods that were manufactured by a company and were involved in a plethora of processes to produce the finished product and deliver it to the…
New Features in Megaventory: Add Product Options to Reports, Expose Entity IDs, and More
Get ready to discover the latest improvements in Megaventory! Efficient inventory management is a must for business success, impacting key areas like productivity, profits, and customer happiness. This article takes a closer look at the newest advancements that are pushing Megaventory even further, establishing its importance as a vital tool for businesses. As we explore…
Best Practices of JIT Manufacturing in Your Supply Chain
The usage of the “just in time” manufacturing methodology can offer advantages if done correctly. However, it is an approach that requires an understanding before putting it into action. In this blog post, we will explain this practice and its functioning. By the end, you will be able to assess whether it is the choice…
The Ultimate Retail Inventory System Guide for Small Businesses in 2025
Editor’s Note: This blog post was originally published in August 2023 and has been completely revamped and updated in Jun 2025 for better understanding and comprehensiveness. In today’s competitive market, having a reliable retail inventory system for small business operations is essential. Whether you’re running a brick-and-mortar shop, selling online, or doing both, managing inventory…
Introducing a New Feature: Enhanced Production Flexibility with Variable Quantities
In the realm of production, the concept of slack plays a pivotal role in accommodating wastage or deviations in quantity allocation. Specifically, it proves invaluable when dealing with materials or finished goods stocked in bulk quantities rather than individual items. Slack encompasses the allowance for variations in raw material consumption or finished goods yield during…
How to Choose the Right Barcode Types
Introduction to barcodes Barcodes have existed for over 50 years and have become indispensable for data storage. They gained popularity through UPC and EAN codes, which sped up supermarket checkouts. There are now around 30 important variants of barcodes used worldwide. Barcodes fall into two categories: one-dimensional (1D) and two-dimensional (2D). 1D barcodes have lines…
How to Track Retail Inventory Effectively in 2025
Are you struggling to stay on top of your stock levels or experiencing frequent stockouts? If so, you’re not alone. A surprising 43% of small businesses still track inventory manually or don’t track it at all. Yet, learning how to track retail inventory efficiently is critical to preventing losses, increasing customer satisfaction, and driving growth….