Keeping track of inventory efficiently is more crucial than ever. Many businesses are looking to barcode inventory system software to assist with this critical function, streamlining operations and boosting accuracy in the process.
Product assembly is about combining different pieces to create a finished product. Think of product assembly like a puzzle, but instead of pieces of cardboard, you’re working with various product components. These can be as simple as a few screws and boards or as complex as the thousands of parts in a car.
Whether assembling furniture or the latest gadgets, product assembly is vital to bringing products to life.
Imagine you’re playing one of those strategy video games where you must keep your resources balanced—too much of one thing, and you’re wasting valuable space; too little, and you risk running out when the enemy attacks. Now, replace the game with real life, the resources with your business’s inventory, and the enemy with market demand. Welcome to the world of inventory management—a delicate dance of supply and demand. That’s where Economic Order Quantity (EOQ) steps into the spotlight.
In the digital era, the art of selling has transcended the simple exchange of goods by calling a salesperson or walking into a store. Today’s savvy shoppers expect to purchase products through various avenues, whether directly from a website, through sprawling online marketplaces, via the streamlined processes of Electronic Data Interchange (EDI), or from a direct sales team. This diversity in sales channels has given rise to Multi-Channel Fulfillment.
Have you ever found yourself lost in the abyss of your stockroom, wondering if there’s a better way to track that mountain of products? Well, there is, and it’s called barcoding. It’s like giving your products a digital handshake that says, “I’ve got my eye on you.”
Lauren Stine, Onboarding Manager of Acctivate inventory software answers, “What is landed cost?” and discusses its various components, how to calculate it accurately, and best practices for managing it.