Inventory costs can amount to be a significant expense for your business operations. From an accounting perspective, you may classify them as inventory in raw material, work-in-process, or finished goods. These expenditures could be incurred in various ways like space, labor, damage, theft etc. In this post, we will talk about the major types of inventory […]
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Inventory Management Features: Invoices
In this blog series, we take a look at different features of an Inventory Management System. The last time we talked about- Kitting. In this post, we will discuss Invoices as a feature, their purpose and use in an IMS. Invoice Investopedia explains Invoice as a commercial document that records a transaction between two parties. An invoice […]
Drop Shipping for your eCommerce Store? Here’s what you need to know.
Valued at over $1.6 Trillion in 2015 and projected to grow over 20%, eCommerce is clearly a substantial industry. There are approximately 12-24 million stores selling online, even though only a small portion is profitable. Regardless, eCommerce is popular due to its easy setup- anybody can sell online. This is where drop shipping comes in. […]
Inventory Management Features: Kitting
In our new blog series, Inventory Management Features, the first post will take a look at: Kitting. We will talk about what it is, some benefits, and finally the use of this feature in an inventory management system. Meaning Kitting is the process of grouping, packaging, and shipping various items together in order to offer them […]
Top 3 Supply Chains of 2017: Unilever (#1)
In this blog series, we look at the Top 3 Supply Chains of 2017 as ranked by Gartner. In Part 1 and 2, we talked about 3rd and 2nd place: Inditex (Zara) and McDonald’s respectively. In this last post of the series, we will introduce the winner crowned as the Top Supply Chain of 2017: Unilever. Key to […]
Inventory Management Features: Introduction
Inventory management is essential to every business. Both e-commerce and brick & mortar stores have to deal with inventory in some capacity. Therefore, it is highly recommended that your business obtains an Inventory Management Software. You can find various posts in our blog that talk about the tips, reasons and benefits of having robust IMS and consequences of […]
