Research shows that the average inventory accuracy rate is only 65%. Such a low accuracy rate indicates a widespread issue within the industry. It’s crucial to keep the right amount of inventory on hand- especially for long-term profitability and customer satisfaction. The key to achieving inventory accuracy is increased visibility into your inventory. Without a […]
As we settle into 2023, retailers are facing significant challenges when it comes to shipping their products. According to a recent report conducted by Shopify, overall fulfillment costs remain a top concern for merchants. This underscores retailers’ ongoing struggle to balance customer expectations with the realities of logistics and shipping. These concerns are not unfounded, […]
Efficient inventory management is vital to any business’s operations. Demand for this software has nearly doubled over the past five years. There are many different options when it comes to managing products and the choice depends on your goals and the resources you have available. The goal is to find the right balance between buying […]
5 Tips On How To Fix Stock Outs / OOS (Out-Of-Stock). First, what is OOS (out-of-stock), also known as stock outs? OOS is what customers encounter when they are ready to purchase a particular product, only to find, its unavailable to purchase or out-of-stock. Even though the product was advertised in-stock and available for purchase, […]
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