Inventory management tools help businesses control inventory and determine the right balance between customer service and inventory investment.
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…
Inventory management in the food industry requires inventory control, lot & serial number traceability, and order management to ensure food quality and safety. Operating within the food industry as a distributor, supplier, or manufacturer is not for the faint of heart. Federal and state regulations surrounding food and beverages are strict, customers are demanding, and…
How to keep track of inventory and sales is a subject many distributors, sellers, and manufacturers ponder every day. A sudden influx of orders, the need to fulfill orders quickly, a desire to maintain consistent inventory accuracy, and a number of other challenges can all leave you wondering how to keep track of inventory. Acctivate…
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 The framework of old school supply chains is no longer valid.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…
Selling on Amazon allows companies a chance to open a lucrative sales channel, gain brand visibility and scale business. Amazon’s trusted and established technological infrastructure provides vendors with solid back-end support. The vast online marketplace accounted for a jaw-dropping 49% of the U.S. ecommerce expenditures. In other words, that is 5% of the year’s nationwide…
Taking inventory counts can be a tedious but absolutely necessary task for product-based businesses. Often a time-consuming chore, counting inventory can sometimes even require the business to suspend operations or close temporarily. Even if it is a job that employees are not particularly fond of, keeping accurate tabs on stock levels is crucial for reconciling…