According to researchers over half of the retailers don’t track their inventory with 46% of businesses not even using a manual method of managing inventory amounts. Your business might be missing out on having potential sales due to the lack
Loading… What do you understand by Returns Management? Return Management or reverse logistics is the process where an end-user returns an item for various reasons, such as, incorrect product, buyer’s remorse, unmatched product description, etc. After the return, it becomes
Loading… The managing of and interacting with the third party vendors of any company, that provides goods and services to the organization, is called Supplier Relationship Management or SRM. Although the supplier management system has always been chosen by companies
Loading… Your business is growing steadily, shipments are rolling in from suppliers, orders from customers are rolling out perfectly. All of these signs that your business is hearty and healthy. This is undoubtedly the time you must feel great about
Loading… What do we understand about the Supplier Management System? Let us not forget that suppliers are one of the important pillars of any organization. The success and achievement of a company depend on its smooth functioning, and how the
Loading… If you have a quick look at the upcoming business strategies, then growth hacking will be more of a familiar term to you. It is a buzz word in the business sector across industries. Hence, growth hacking can be
Loading… Warehouse management is the core of inventory management A warehouse is a place where goods are received, sent to production, shipped out, and delivered to customers. All these aspects of the inventory management system must be well organized and
The system of inventory management is a good practice for any company. If the inventory management system of a company is not being taken care of, the company is sure to face a potential inventory management error, which can become
WHAT IS INVENTORY MANAGEMENT? Inventory management is a process that emphasizes the structured idea of sourcing, storing as well as selling inventory which includes both raw materials and finished products. Professionally, it means the management of the right stock of
What is inventory management? Inventory management is the act of keeping track of a company`s stocked goods and monitoring their weight, dimensions, amounts, and locations. The entire focus of inventory management is to minimize the cost of holding inventory by
To have an idea regarding the financials of your business is extremely crucial to work on areas of improvement. Accounting ERP systems ease the problem by breaking the blockage of uncertainties. Investing in the right technology and accounting module is
The process of storing, ordering, and utilizing a company’s catalog is called Inventory management. Inventory management includes the administration or managing raw materials, components, or final products. It also includes warehouse management as well as processing the items. The task