Latest

A well-managed inventory plays a pivotal role in efficient business operations. If you aren’t careful, you may find yourself facing stockouts with no buffer stock or reserve inventory as a backup. These events are pretty common when you aren’t clear about terms and concepts related to different inventory

The world of wholesale distribution is dynamic and highly competitive, and managing inventory efficiently can be your key to success. While large enterprises often employ cutting-edge inventory management technology, it's a different story for small businesses. Most small businesses still employ traditional manual systems for inventory management. However,

Walmart sells a wide variety of groceries, everyday household items, and more! How does a company as large as Walmart, with so many items to sell, practice inventory management? In the third installment of our "Learning inventory management from retail brands" series, we look at the inventory management

In the fast-paced and ever-evolving world of omnichannel retail, inventory management has long been a perplexing puzzle for commerce professionals. The rapid rise of retailing across multiple sales channels, online and off, has forced inventory management to transform itself. Fortunately, software vendors have kept pace. Let's look at

Lack of proper planning and tracking of inventories can result in uncertainties and potential losses. Businesses face multiple challenges associated with inventory checks and management. Supply chain disruptions, shifting consumer preferences, and volatile market conditions are some of the hurdles that can wreak havoc on your inventory management plans. Fortunately,

Seasonal demand is a valuable opportunity for businesses to increase revenue. However, failing to respond to seasonal demand can lead to a crisis that results in lower profits and unhappy customers, not to mention lower sales. What strategies should companies employ to respond to seasonal demand effectively? What is Seasonal