Although ecommerce and online purchases have been booming, many businesses hesitate to adopt online sales. Typically companies think that e-commerce brings challegnes like cost, complexity, constant necessary optimizations, and difficulties in coming by support. Even if there’s a truth in these concerns, it is not as challenging as it used to be in the past….
How to find the best order management software
Regardless of your exact business type, if you are handling orders from suppliers and to clients, it is most likely that the competition is constantly growing. As such, it is important to be as efficient as possible while you try to grow your business. The appropriate business software is is one of the solutions you…
How to Value Inventory When Selling A Business
This is a guest post by contributor Marla DiCarlo outlining how inventory and its value should be approached in any company which handles stock and its business depends on keeping detailed information about the inventory costs. Inventory has the potential to become quite the contentious issue when selling a business. If the seller and buyer…
Choosing suppliers 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. Selecting the right vendor(s) to work with is an essential procedure. While you manage your sales and orders, a wrong choice of supplier may end up being devastating. As such, to arrange your…
Inventory Organization: Update Your Layout, Save Pick Time
When it comes to inventory, you need every process to move like a well-oiled machine. As one of the last and most important steps in the retail pipeline, you never want picking to be the step that slows you down. But your machine won’t work if the parts don’t fit together well. This is where…
Making Inventory Management More Efficient Using Weighing Scales
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…
How to Address Manufacturing Challenges: A Modern Approach
Modern manufacturing companies have a lot on their plates. While you’ll often hear for example how manufacturing is on the decline in the United States, that’s actually not the case in many different industries. Despite the recent upturn in some areas, there are more challenges than ever faced by modern manufacturing companies. These struggles are…
“Out of Stock”: 3 Inventory Management Horror Stories You Need To Learn From
About The Author Bruce Harpham offers content marketing for B2B SaaS companies. His work has been published in CIO, Infoworld, ProjectManagement.com and IT World Canada. He is the author of “Project Managers At Work.” Inventory management failure is no theoretical problem. In fact, it’s still with us in 2018. Let me share an example: Earlier…
Megaventory integrates with 1,000 apps!
Getting your work done as a modern business requires the combined use of many apps. You may have a CRM app to manage communications with your clients, an e-mail marketing tool to automate your mailing lists, an inventory management system to streamline your supply chain operations and order fulfillment, and an accounting platform to track…
Why Customers Leave: Megaventory’s Study on Churn
The main ambition for most – if not all companies – is to reach more people and grow their client base. In the mind of many, it’s simple mathematics. More customers means more revenue. Seems reasonable, right? Well, not exactly. According to various studies, it is actually more profitable and cost-effective to retain and satisfy…