Welcome to part two of our blog series! As mentioned last week, $2.86 trillion was spent worldwide in 2018. E-commerce is not slowing down. With that comes some problems that your business needs to fix. You want to ensure that your business continues to attract consumers, as well as keep up with your competition. E-Commerce […]
Inventory Management Solutions and Leaders
E-Commerce Order Fulfillment Problems
In 2018, consumers worldwide purchased $2.86 trillion online. As e-commerce grows, it continues to create opportunities across a wide range of businesses, such as retailers, manufacturers, and distributors. However, it also creates e-commerce order fulfillment problems that can limit growth and compromise customer relationships. E-commerce order fulfillment problems are one of the most common and fastest ways […]
3 Ways Amazon Aces Inventory Management
What’s the secret to Amazon’s booming success? How do they manage over 3 billion products across 11 marketplaces and still have potential for growth? In 2017 alone, Amazon generated more than $177 billion in sales, and year over year they see a growth rate of at least 27%. When it comes down to it, it’s […]
3 Ways IKEA Aces Inventory Management (And You Can Too)
Founded in Sweden in 1943, IKEA has since become a household name, filling these households with their products. As of 2017, there are 411 IKEA locations in 49 countries. Carrying 9500 products in their range, most of these are produced in Europe. As you can tell, coordination is vital to operations. So, what differentiates IKEA inventory from […]
Omnichannel: Is it still the future of retail?
Since its introduction in the late 2000s, omnichannel has hit buzzword status. For many years, retailers have been striving to give customers this seamless experience. It’s been a decade since Macy’s became the omnichannel poster child. At the time, omnichannel was dubbed the “future of retail.” But now, the future is here. Is the future still omnichannel? Or has its time come […]
Cycle Count Best Practices: The Top 5 Things You Should Be Doing
Previously, in our Inventory Management Features series, we went over the basics and benefits of cycle counts. This time, we will go more into depth and explore how you can improve your cycle count. In simple terms, a cycle count is the audit practice of checking the inventory levels on a continued schedule. However, cycle counts are usually limited […]
