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Dead Stock: Definition and Prevention

Dead Stock: Definition and Prevention

Inventory will be sold. Unsold inventory can build up over time, leading to so-called “dead stock”. Dead stock accumulation is the money left on the table and can have a significant impact on retailers’ profits.  It is essential to offload dead stock to keep a...
Calculating Reorder Points using ROP Formula

Calculating Reorder Points using ROP Formula

Maintaining proper inventory levels is an elegant dance that must balance consumer demand and supplier reliability. Keeping too much inventory eats up your budget in terms of warehousing costs and available capital, but you also need enough inventory to account for...
What is Cross-Docking and Why Is It Important?

What is Cross-Docking and Why Is It Important?

The retail supply chain is designed to enable efficiency, speed, and cost savings while ensuring that products reach the end consumer promptly.  Labor costs, in particular, are logistics costs, which tend to account for the majority of total costs.  Luckily, there are...
Learning about Shipping Barcodes and How They Work

Learning about Shipping Barcodes and How They Work

Barcodes are crucial for any enterprise promoting bodily goods. They are utilized in brick-and-mortar shops as a part of the acquisition and returns process, in warehouses to tune stock and packages, via way of means of transport companies to find and tune shipments,...
Bookkeeping for Your E-commerce Business

Bookkeeping for Your E-commerce Business

As an e-commerce business owner, you have to wear a lot of hats, and bookkeeping is one of them. It is an indisputable responsibility, as cash flow is one of the most prominent startup killers.  If tracking and managing your expenses and income sounds scary,...