What are LOT Numbers? What are its Benefit and How to use them?

In the world of inventory management, achievement comes from accurate and careful tracking. You can’t fix what you can’t quantify, and we’ve developed some extremely accommodating measurements to precisely measure the inflow and outflow of items. We have inside identifiers like the Stock Keeping Unit (SKU) which assist us with monitoring similar sort of items all through our warehousing operations. What is a Lot Number? Lot numbers — also known as batch numbers, code numbers,… Read More

Effective ways how Retailers can increase sales across multiple channels

As your retail business grows, adding multiple sales channels to increase brand awareness is an exceptionally sensible and strategic step forward. Today, customers are driven by comfort, and the more you are addressed on channels they shop, the better. However, as you add multiple sales channels, you are additionally adding more for you and your group to manage. To keep your group normal and increment sales across the entirety of your various channels, here are… Read More

What is Inventory Tracking and how to Streamline Inventory Tracking?

An Inventory tracking software is one of the biggest challenges in managing a profitable and productive e-commerce business. Ideally, you’d have a system in place that ensures you always know how much inventory you have available, so you can plan your supply chain management accordingly. But without efficient inventory tracking, it becomes increasingly likely you’ll encounter stockouts, delays, or excess capital tied up in inventory. As your company scales to the next level, it’ll be… Read More

What is a SKU Number and how Retailers can utilize them to raise their business?

What Is SKU? A SKU number or Stock Keeping Unit is a special number used to inside track a business and helps in inventory control. SKUs are alphanumeric and should give data on the main attributes of an item — value, color, style, brand, gender, type, and size, for example. This data in the SKUs should also be submitted in request from imperative to least significant — or as such, the most required data to… Read More

7 Reasons Why Accurate Inventory Tracking Matters

Introduction Inventory changes continually. Throughout each day, sales, returns, new receipts—even damage and robbery—influence your stock levels. While overwhelming, monitoring everything continuously is quite possibly the main position in an effective retail or wholesale business. Inventory tracking matters because the underpinning for the rest of your business—needs to be a top priority. Look at the best 7 reasons careful inventory tracking —, which can be easily accomplished by utilizing a dedicated inventory system— should be… Read More

How to Utilize QuickBooks for Wholesale Distribution?

Wholesale distribution refers to when a merchant sells products to other businesses who then distribute through different channels to the end-user. Distribution is a tricky task in itself. While handling both B2B and B2C operations, it can be challenging. In the distribution process, the challenges are unique, such as for this you may have a unique catalog per retailer you sell to, a business may handle some orders over phone and email, and sometimes you… Read More

3 Inventory Costing Methods to Consider When Valuing Your Stock

How much have you spent on your current inventory? How much did you spend on inventory that you’ve already sold? These are some of the most critical things retailers should be asking, and believe it or not, there is no one “right” answer to these questions, because of the various inventory costing methods out there. What is Inventory Valuation? Inventory costing or valuation is an accounting concept that has a direct impact on your gross… Read More

Is QuickBooks Online good for inventory management?

QuickBooks is a phenomenal piece of software for businesses to keep track of their accounts. But is QuickBooks Online good for inventory management? The short answer is no, especially when it comes to ecommerce retailers selling across multiple online channels. While there are benefits to using QuickBooks inventory management, most growing businesses will need much more robust software that can push data over to QuickBooks to complete their accounts. Here, we discuss why. Why we require… Read More

Enhance your business with Serial Number Tracking for your Inventory

A way to keep their inventory in check is required by each and every manufacturer, supplier, wholesaler, retailer, and business organizations to manage their stock. Without a well-defined system, any business will suffer from confusion, delays, and errors during the day to day operations. What Is Serial Number Inventory Tracking? Organizing and accounting for an entire inventory of items is difficult to work, and having a complicated system in place can result in inefficiency and… Read More

Want to take your business to the next level with Inventory Management Software

Your customers are becoming more discerning, your competition is a lot more-fierce, and there’s pressure on you to bring new products to the market. How do you keep up? You might be surprised to see that there are at least six ways an inventory management system can help. Let’s take a look at inventory management software is so vital, especially business keeps changing and changing fast. IT ENHANCES YOUR EFFICIENCY If you tend to notice… Read More

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Cloud Inventory Management System, Order Fulfillment, Manufacturing

inventory tracking software