Exploring the Potential for Inventory Innovation through Retail Tech: Amazon Go
Amazon, a global e-commerce giant, is creating a new paradigm for future retail experiences and inventory management based on various technologies.
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Inventory Management 101: The Backbone of a Successful Business
Inventory management might not sound like the most exciting aspect of business operations, but it undoubtedly stands as one of the most crucial. Whether you're a retail giant with multiple outlets or a small online startup, understanding the basics of inventory management can be the difference between profit
If You Are a Small to Medium-Sized Business (SMB) Looking to Adopt ERP, This Is a Must-Read!
In business, data management is the key to operational success. Many business leaders attribute their achievements to streamlined data management practices. The growing trend of integrating business processes via ERP systems further underscores this emphasis on efficiency. Notably, even small and medium-sized businesses (SMBs) are increasingly starting to implement ERPs.
Maximizing Inventory Management Efficiency through Third-Party Logistics (3PL)
Third-Party Logistics (3PL) refers to a process where a third party takes on the responsibilities of logistics and distribution. Companies that produce and sell goods often contemplate the implementation of 3PL. Let's explore in more detail what 3PL is, including its unique features and its relationship with inventory
Calculating Days on Hand and Inventory Turnover Rates
The career paths that lead to an 'inventory manager' all seem to be different. There may be those who majored in a totally unrelated field but ended up handling inventory, and there might be those who primarily work in administrative support and have to manage office supplies or
Zero Inventory System Built On a Fast Fashion Strategy - Zara
Effective inventory management becomes essential as the size of a company grows. How are well-known retail brands practicing inventory management? Let’s explore inventory management best practices used by the brands that have demonstrated exceptional expertise in this area. The first retail brand to be introduced is Zara, a fashion
Why inventory builds up and how to fix it
'A necessary evil' refers to something that is inherently harmful, yet unavoidable. From a management perspective, inventory is often considered a necessary evil. Reducing and eliminating it as much as possible can improve business performance, but inevitably, some amount of products must be stored in warehouses for sales.