Learning to better manage your inventory can improve your company's efficiency, profitability, and ability to satisfy customers. How can you do that? One way is to master the purposes and meaning of UoM. Read on to find out the UoM meaning and examples, learn the best practices for UoM inventory tracking, and see our list of helpful software solutions.
The e-commerce shipping process includes tasks like preparing orders, packaging, labeling, and transporting them to the buyer's address. To ensure efficient delivery, you, as a seller, have a lot to cover. We suggest starting with uncovering the difference between shipping methods and strategies, recognizing the key couriers, and learning the main cost factors. To top it off, you should know how to manage your delivery workflows via the right shipping tools. And all of this is precisely what this article plans to cover.
Now that the Holiday Season is over, retail businesses bitterly welcome a Season of Returns, as people return their gifts. According to Rob Garf, the Vice President and General Manager of Retail and Consumer Goods at Salesforce, return rates are expected to peak at around 20% for a few weeks into 2024. As businesses gear up to navigate this post-holiday return surge, understanding the dynamics of the RMA process becomes increasingly crucial in managing and optimizing the return process. Let's delve into what RMA is and why it plays a pivotal role in handling post-holiday returns efficiently.
Proper inventory management requires an understanding of the common terminology and nuances in term differences. To help you decide which method is right for your business, we’ve compiled a list of some of the most common out-of-stock vs. backorder questions and answers as well as the pros and cons of each inventory management strategy.
A stock-keeping unit (SKU) number is essential to identifying and keeping track of your products. However, knowing how to create SKU numbers is another story, and this process can be confusing if you don’t take the proper steps. Simply put, SKU numbers are very important, and understanding how to make SKU numbers is critical to inventory management processes. But what does SKU mean, and what is the SKU creation process? Read more to find everything to know about SKU numbers.
The art of bin location management for effective inventory control can transform how you do business, allowing you to streamline warehousing processes through a practical bin management system. But what are bin location systems, what bin location strategies are out there, and why is bin management in warehouse buildings so helpful? Read more to find everything to know about a bin location system.
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