Inventory Management

Inventory Management

24 June 2024

Holding the optimal amount of stock in storage at any one time is more difficult than it sounds. eCommerce business owners need to strike the balance between being able to meet customer demand while avoiding unnecessary storage costs due to...

Inventory Management

12 June 2024

An important part of running a business effectively is ensuring that you are getting the most value out of your storage and logistics costs. With so many micro-costs and variables involved in the supply chain, it can be difficult to...

Inventory Management

26 May 2024

Optimizing inventory levels throughout the supply chain is a critical strategy in modern supply chain management, going beyond simply maintaining stock. Multi-echelon inventory optimisation (MEIO) is a sophisticated approach that allows your business to maintain the right balance of inventory...

Inventory Management

20 May 2024

Proper stock control lies at the heart of effective inventory management and is crucial for maintaining a streamlined business model. By accurately managing stock levels, you can ensure that you meet customer demand without incurring unnecessary storage costs. This balance...

Inventory Management

17 May 2024

Consignment inventory is a unique method of managing stock. Suppliers provide goods to retailers without transferring ownership until those goods are sold. This approach allows retailers to offer a broad range of products without the burden of purchasing inventory upfront....

Inventory Management

13 May 2024

Painting an accurate picture of your inventory costing isn’t exactly the easiest thing to do if you’re shipping a lot of orders each month. However, inventory management has a huge impact on profitability, so the more you understand which goods...

Inventory Management

12 April 2024

eCommerce inventory management ensures that your stock levels are maintained at a balance that meets customer demand while maximising cash flow.

Inventory Management

15 January 2024

Calculating ending inventory is a critical component for any business dealing with physical products. It’s the value of goods that remain unsold at the end of an accounting period. It is a key figure in determining a company’s cost of...

Inventory Management

5 January 2024

Struggling with stock imbalances and inflated costs? Effective inventory management is the unsung hero in streamlining your business’s operations and boosting growth. Dive into our guide to discover why inventory management is important and how mastering this skill ensures optimal...

Inventory Management

28 November 2023

As an eCommerce business, it’s only natural that a customer may want to return a product to you. There are many reasons why a customer returns a product; sometimes it can be avoided, and sometimes it can’t. Returns management is...

Inventory Management

8 November 2023

It’s not uncommon for the number of SKUs a business sells to grow as the business does. When this happens, it gets much more difficult to manage inventory, and we can end up forgetting about those products lying on the shelf that nobody has bought.

Inventory Management

3 November 2023

For eCommerce businesses operating with large amounts of inventory, inventory costs account for a significant portion of their overheads. In this article, we’re going to take a look at the different types of inventory costs, how you can calculate your...