Inventory is the backbone of any product-based business. Whether you’re in manufacturing, retail, or wholesale, how you manage your inventory directly affects your bottom line. Businesses often overlook the value of simple yet powerful inventory management formulas that, when applied correctly, can significantly boost profitability. In this article, we’ll break down what these formulas are,…
Tag: tips
Manufacturing in Vietnam: A Key Driver of Economic Growth
Vietnam’s manufacturing landscape has been growing remarkably in recent years. Due to this growth, caused by the location of southeast Asia, its young and dynamic workforce, and the increase of foreign investment, Vietnam became a key player in the global supply chain. While big brands such as Samsung, Nike, and Adidas are already manufactured in…
WooCommerce Inventory Management with HPOS Support Now Possible!
Megaventory inventory management Woocomerce plugin is fully compliant with High-Performance Order Storage (HPOS), unlocking new levels of efficiency for WooCommerce stores. With HPOS support, order processing becomes faster and more streamlined. Also, it allows you to handle larger transaction volumes without compromising performance. This improvement simplifies the storage and management of orders, reduces server strain,…
New Megaventory Updates:Easily Delete Products from the On-Hand List, Add Batch Numbers in SO/PO, and More!
Megaventory is happy to announce new features that improve inventory and order management efficiency. Three major enhancements have been made to our most recent release: you can now remove products straight from the On-Hand Availability list; you can now add batch numbers to Sales and Purchase Orders before shipping or receiving; and you may autofill…
Mexico’s Garment Industry: 4 Manufacturing Types You Need to Know
The garment industry is well-developed in Mexico, and the country is also an important player in the international textile chain. Again, as a neighbor to both the United States and Canada, coupled with cheaper labor than its neighbors, Mexico has become a home to many brand manufacturers. The purpose of this blog is to look…
Best Practices for Managing Manufacturing Inventory in Mexico
Inventory management is one of the most critical components of the manufacturing operation, making the exercise profitable. Hence, efficient inventory management cannot be overemphasized in Mexico, one of the world’s most rapidly growing manufacturing destinations. Despite all the opportunities in the country, many difficulties can be solved by using specific approaches. By improving stock management,…
New Feature: Megaventory Integrates with WooCommerce Composite Products Extension
Megaventory has recently been updated with new features, and it now integrates seamlessly with the WooCommerce Composite Products Extension. This update represents a step forward in helping e-commerce businesses that also engage in some sort of production manage their inventory and fulfill their orders more effectively. This article explores the key features and benefits of…
Your Ultimate Guide to Order Management Process Flow in 2025: Trends, Tools & Best Practices
An essential component of corporate operations is order management, which entails the careful tracking and completion of sales orders. It guarantees accurate product allocation at the appropriate time and location from the moment the order is placed until it is delivered to the customer. Moreover, order management effectiveness has a big impact on profitability as…
The Vital Role of ERP Systems in the Electronics Industry
In the electronics industry, efficiency, and compliance are paramount, and Enterprise Resource Planning (ERP) emerges as the cornerstone of success. Tailored specifically for electronics manufacturing and distribution, ERP systems offer a comprehensive suite of tools to integrate and manage critical business processes. From production to supply chain management, and quality control to financial oversight, ERP…
New Update: Marking Sellable and Purchasable Items in Megaventory
In Megaventory, optimizing your product inventory just got easier. With the ability to mark whether a product is sellable or purchasable, you gain greater control over your inventory management process. Let’s delve into how this feature works and explore its benefits. How to Utilize Megaventory’s Sellable and Purchasable Product Features: Stop by our Knowledge Base…