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SKU vs UPC: Breaking Down the Differences
by ºÚ°µ±¬ÁÏÍø Team on Jan. 9, 2025
The complexities of inventory and product management start with understanding two key tools: SKUs and UPCs. Though they might seem interchangeable, their unique roles are essential for streamlining operations, optimizing inventory, and enhancing the customer experience. This guide bre …
How to Calculate Inventory When You Haven't Counted
by ºÚ°µ±¬ÁÏÍø Team on Jan. 3, 2025
Accurate ecommerce inventory management is essential for any ecommerce business, but what happens when a physical count isn’t feasible? How do you calculate inventory when you haven't counted? Whether due to time constraints, incomplete records, or operational challenges, businesses o …
What Is LIFO Reserve In Ecommerce Inventory Management?
by ºÚ°µ±¬ÁÏÍø Team on Dec. 19, 2024
Inventory accounting methods play a critical role in how businesses represent their financial health, particularly for those managing significant stock levels. For ecommerce businesses or companies operating in inventory-heavy industries, the LIFO (Last In, First Out) reserve plays an …
Inventory Insurance: Why It Matters for Your Business
by Tim DiPietro on Nov. 29, 2024
Inventory doesn’t just sit on shelves—it powers growth, fuels customer satisfaction, and keeps operations moving. Whether you’re fulfilling customer orders or stocking up for a busy season, those goods represent both your revenue and your reputation. But have you thought about what wo …
Making Inventory Audits for Cosmetics Simple
by ºÚ°µ±¬ÁÏÍø Team on Nov. 13, 2024
For cosmetics brands, inventory audits go beyond simple stocktaking; they’re a fundamental part of maintaining quality, customer satisfaction, and compliance. Cosmetics often have short shelf lives and face strict regulatory standards, making it essential for brands to monitor their i …
How to Calculate Inventory Carrying Cost In Ecommerce
by ºÚ°µ±¬ÁÏÍø Team on Oct. 25, 2024
Inventory carrying cost is a balancing act that directly impacts your ecommerce business’s cash flow and profitability. It requires a deep understanding of various factors – ranging from storage fees to depreciation – not to mention a mathematical mind. This article explores what make …
How to Manage Palletized Freight with Maximum Efficiency
by ºÚ°µ±¬ÁÏÍø Team on Sep. 13, 2024
The difference between thriving and just surviving often comes down to how well you manage palletized freight. Whether you’re looking to cut costs, reduce errors, or simply speed up your operations, the right strategies can make all the difference. In this article, we’ll explore 9 ess …
7 Lesser-Known Inventory Forecasting Hacks for Wholesale Orders
by ºÚ°µ±¬ÁÏÍø Team on Jul. 31, 2024
Inventory forecasting is the backbone of successful wholesale management — get it wrong, and you could be facing stockouts, overstocking, or worse, unhappy customers and clients. While many businesses rely on well-known techniques to predict future demand, there are also some under-th …
How to Calculate Work In Process Inventory In Ecommerce
by Rin Mosher on Jul. 24, 2024
Handmade, custom, or otherwise unique ecommerce products require careful assembly and meticulous inventory tracking. Before these products are fully assembled, they're known as Work In Process (WIP) inventory. Failing to keep track of this type of stock can impact warehouse space, hol …
Minimum Order Quantity (MOQ) In Ecommerce Explained
by Rin Mosher on Jul. 5, 2024
Minimum Order Quantity (MOQ) says a lot about the viability of suppliers for your ecommerce business. It’s among the first things that must be considered when comparing potential partners. Forming partnerships with suppliers that have sensible MOQs can result in optimized inventory, c …