Inventory optimization solutions balance inventory levels and customer demand in ways that achieve optimal customer satisfaction and business profitability. Disruptions to business are inevitable and constantly occurring—from technological advances to consumer expectations to labor strife to mergers and acquisitions to cyberattacks to natural disasters to a global pandemic. The above statement was made in response…continue reading
What are OMS Systems and Why Do You Need One?
OMS systems streamline business operations, improve customer satisfaction, simplify multiple-channel sales and assist with allocating time and resources. When businesses don’t have OMS systems (order management systems) in place, both the customer and the business suffer. Regardless of the size of a company, online or in-store, without the right order management software inventory confusions, purchase…continue reading
5 inventory tools to help with inventory control and management
With the right inventory tools, small and mid-sized businesses can effectively manage their inventory Inventory management continues to play a critical role in the success of an organization. However, because of the domino effect businesses have on the overall economy, recently “unsold inventory created a big drag on the economy”. According to NRF Chief Executive…continue reading
How to manage inventory effectively: 5 components of successful inventory management
As a small business, you may feel you don’t have the right resources or enough time to manage inventory. However, with these five practices, you can ensure efficient inventory management for your business. My accounting knowledge has been a great complement for my role in implementation of inventory management software. Because I took managerial accounting…continue reading
