Product performance varies within inventory-based businesses, so it is important to have the right tools to manage inventory overall with the ability to identify, prevent and manage the outliers, including slow moving inventory. Consider product performance in relation to the general idea of the Pareto principle (also known as the 80/20 rule). The gist of…continue reading
eCommerce Inventory Control
eCommerce Inventory Control identifies the common challenges multi-channel distributors and manufacturers face without synchronized online inventory management and why it is important to incorporate it. If you are a multi-channel distributor or manufacturer, you know the challenges a lack of proper inventory management or limited visibility can bring – especially if one or more of…continue reading
How to Become a Dropship Supplier in 5 Steps
How to Become a Dropship Supplier in 5 Steps details the steps small and mid-sized multi-channel distributors can take to expand inventory offerings and/or maximize warehouse space by drop shipping products. Dropshipping – for any unfamiliar readers – is a method of commerce that allows a distributor to present and sell inventory items located in…continue reading
6 Inventory Cost Management Practices to Consider for Tax Preparation
Tax season is the time of year when businesses are forced to confront the truths of the overall state of the company. Business owners must evaluate costs, cash flows, write offs and margins to gauge the health of the company as a whole. Business health entails assessing the efficiency of functions of several different components,…continue reading
B2B Inventory Management 101
The virtual marketplace of ecommerce has changed the way customers shop and purchase. Today’s consumers have higher expectations and can conveniently purchase items from the palms of their hands. The framework of old school supply chains is no longer valid. Before the Internet of Things and the boom of ecommerce, there was a more solidified…continue reading