Selling on consignment is a useful arrangement that allows a supplier and usually a retailer to create a “win-win” situation, where they both share part of the risk of holding inventory. Consignment occurs when the consignor (the supplier) sends goods to a consignee (the retailer), who later sells them to their clients. The goods remain…
New Feature: Batch & Multi-Level Work Order Actions
You asked and we listened. Work Orders have become more powerful than ever with the ability to manage multi-level and batch work orders with the click of a button. Work orders are an essential communications part of manufacturing businesses. They inform your operations team that certain products are needed and give the green light to…
New Feature: Invoicing And Inventory For Multiple Companies Under A Single Account
Control how your team accesses different invoices when using your online inventory management system. Designed by Freepik If you are already using Megaventory (or even if you just have a business with more than one employees), you may be by now familiar with the need to restrict users to specific processes and modules within the software….
15 Tips from Retailers on How to Compete with the Big Stores
It is that time of the year again when businesses across the world celebrate the Independent Retailers Month. This campaign runs annually throughout July to highlight the important role smaller, local, independent retailers play in the communities they serve, the local economy they contribute to, and in the retail sector as a whole. Following the…
How to Build Trust with Your Customers to Increase Your Sales
This is a guest post by guest contributor Mélanie Vaast Designed by Freepik As an online e-commerce business owner, you need to increase sales. You also need to build trust with customers and increase your credibility with your target audience. But did you ever stop to think how these two concepts are related? When you increase…
How to Choose the Right Inventory Management System For Your Small/Medium Business
Last month Software Advice announced Megaventory’s inclusion in the 2017 FrontRunners quadrant for Inventory Management software and we think it is a good opportunity to discuss some tips that the buyer should have in mind before committing to a new solution. The right software solution is the tool to survive in a highly competitive market,…
10+1 Must-Use SaaS Tools for Retail Stores
This is a guest post by guest contributor Pravya Pravin Retailers were content with the brick and mortar just before the world moved online. More than 50% of consumers claim they purchased more on the web than from physical stores. Due to this rapid adoption of online shopping, retailers had to move online before they…
Megaventory ranked category leader in inventory management
Last week we got some wonderful news that Megaventory ranked among the category leaders in the Top 25 Inventory Management solutions by GetApp. So, we decided to do a short roundup of some recent reviews on Megaventory. Inventory Management Category Leader GetApp’s ranking report aims to recognize the top solutions for SMBs and is based…
Supply Chain Management Trends for 2017
Finally, 2017 is here and we can’t stress enough the importance of supply chain management. If there is a problem in your supply chain and your products cannot reach their destination on time or at all, you run the risk of losing those customers forever. If this has happened to you, don’t get discouraged. Even…
4 Reasons SMB Retailers are Moving Towards Inventory Management Software
This is a guest post by guest contributor Peter Chawaga 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…