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What are the Differences Between Stocktaking and Stock Checking
A lot has been discussed about inventory management, but it still isn’t complete without discussing stocktaking and stock checking. Stocktaking or...
SAP Logistics: Types, Benefits, Solutions, & Strategies
Businesses are constantly seeking techs and strategies to improve their logistics to remain competitive. This is where logistics management solutions...
7 Different Types of Supply Chain Management Models
In modern business operations, supply chain management (SCM) makes sure that goods are transferred from suppliers to customers in an...
Economic Order Quantity: Formula, Advantages, & Difficulties
EOQ or Economic Order Quantity is a critical calculation used by companies to minimise total costs when updating the inventory....
What is Inventory? Types, Characteristics & Management
Managing inventory in stock is vital for business accountancy. Accounting goods, products, and raw materials are known as inventory. All...
What Is Consignment Inventory & How Does It Operate?
Stocking retail merchandise often involves the retailer buying goods from the supplier and then selling those products for a profit....
What is Sourcing: Its Definition & Characteristics
What is Sourcing? Sourcing refers to finding suppliers to provide the products and services needed for the day-to-day running of...
How Do You Reduce Inventory Shrinkage?
In the times of pandemic, inventory management could be challenging. In 2020, the global value of inventory distortion was as...
5 Ultimate Tips to Handle Out of Stock Situation Without Affecting Sales
For anyone running an eCommerce business, there are many challenges faced on a day-to-day basis. From payment troubles to handling...
How to Improve Process Effectiveness with Inventory Planner
Many e-commerce companies make better use of the inventory planner, but they often don’t know how to make better use...
What is the Average Weighted Method of Inventory Valuation and Its Significance?
Your inventory is your biggest asset. You need to know everything about it to succeed in your eCommerce business. Without...
Simplest Inventory Management Apps for Small Businesses
Whether you’re just starting a new business or already have a product-based business. Having an inventory management app is so...