Every business that sells or manufactures products should implement an inventory risk management system. Inventory risk refers to the possibility that a company won’t be able to sell the goods sitting in its warehouse. This phenomenon might occur as a result of poor inventory management and is sure to leave your business in dire need…
Five Of The Most Important Types of Inventory Risks
While inventory management is beneficial and necessary for businesses that handle physical stock, it comes with some risks. Those risks can have a big impact on the whole process of stock management as well as on customer satisfaction. Also, most of the time you can avoid them but other times you cannot. Since companies invest…
5 Ways to Improve Your Supply Chain Strategy
A supply chain is a system handling the production and distribution of goods. This system is used to manufacture products and services from raw materials and sell them to end customers. A well-functioning supply chain strategy is the pillar of a profitable enterprise. However, this process can be extremely hectic and disorientating as it includes…
6 Easy Steps for Improving Inventory Management in a Healthcare Company
In the healthcare industry, it’s incredibly important to ensure effective inventory management. It goes without saying that damaged goods can not only impact your profit, but it’s also a safety risk for your employees and consumers. From a business perspective, it’s important to know when to reorder products. This way you’ll supply your clients with…
8 Really Important Benefits of Implementing Web-Based Inventory Management
Everyone by now has an understanding of “the cloud”. And that it can without a doubt serve as a crucial efficiency tool for all businesses. It is a virtual space that stores data, information, and applications. In 2020, all data in European countries were already in cloud storage and 43% of that information was highly…
Top 5 Reasons Why You Should Avoid Out of Stock Items on Your Website
Suppose you are a customer looking for an e-Commerce website and you find a product that is right for you and fits your budget. You go to the product page and decide to buy the product, but it’s marked as unavailable. The frustration of that person could be enough to stop them from buying on your…
Inventory Management vs Warehouse Management: Is There a Difference?
We constantly hear about inventory vs warehouse management. Many times, those two are also used as synonyms. But are they actually the same thing or is there a difference between them? Also, why are they important for businesses? Let’s dive into their differences, similarities, and their importance! What Is Inventory Management? Inventory management focuses on…
7 Ways To Improve Website Design For Small Businesses
Web design is the art of crafting a website that is easy to use and visually appealing. It includes several tasks, from graphic design to usability engineering and programming. Web design is an integral part of any company’s success. A web design that is not responsive is not optimized for search engines, or doesn’t have…
Megaventory – Software Gestionale – New Homepage and App Localization
We’ve got great news for our Italian users! Our homepage and app are now fully translated into Italian so, if you are Italian and reading this, you can now use our app in your native language! Below are some captures where you can see how we implemented this: How to Make the Switch to Your…
5 Reasons Why Accurate Inventory Is Essential for Business Success
One of the most common obstacles a business will ever face is managing its inventory. Accurate inventory management can prove to be very challenging, especially if there are multiple storage locations and many products to handle. Nevertheless, an accurate inventory will give you valuable insight into your business’s operations, pain points, and strengths. Therefore, targeting…