Inventory Management Procurement vs purchasing: What are the differences and similarities?When talking about acquiring goods or services for a company, you often hear people use purchasing and procurement interchangeably. However,…Irene LuongFebruary 18, 2022
Inventory Management What is the 80/20 inventory rule? 6 tips to implement it efficientlyInventory management is one of retailers’ most popular pain points. Which products should I order more in stock and which…Jeng NguyenApril 19, 2022
Inventory ManagementRetail Tips & Trends What is a good inventory turnover ratio for retail?Since almost all retail businesses develop around their inventory management strategy, stock turnover rate is one of the most prominent…Jackie TranApril 19, 2022
Inventory Management What is a barcode and how does it work?A barcode is a rectangular or square image of parallel black lines and white spaces in varying widths. Modern retailers…Irene LuongNovember 24, 2021
Inventory ManagementStaff and Store Management What is a stock out and how to prevent itStockout is when customers can't find the product they want at their desired store or find the product in an…Jeng NguyenNovember 24, 2021
Inventory Management What is a physical inventory count? Definition and 5 best practicesRetailers need to do a physical inventory count once a year for tax purposes or just before a specific sales…Jackie TranMarch 11, 2022
Inventory Management What is cross-docking and how it applies in supply chainCross-docking is the direct transfer of products from inbound to outbound shipping with little or no storage space between the…Jeng NguyenNovember 23, 2021
Inventory Management 6 key roles of ERP in supply chain managementThe role of ERP in supply chain management is the efficient management of supply and demand through handling supply aspects…Keenan PhamMarch 11, 2022
Customer ExperienceInventory Management Warehouse size: How big your shipping warehouse should be?When starting a business, every owner must consider the need for a warehouse. It is a location where they can…Keenan PhamOctober 8, 2021
Inventory Management ERP vs MRP: What is the difference between ERP and MRP?ERP vs MRP will come to your mind when choosing a technology solution to optimize your resources. However, the fundamental…Kate N.March 11, 2022