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Insight

A note with "Just In Time Production Strategy" with a pen, graph, calculator, and spreadsheet on a wooden table

Reducing Inventory Costs Dramatically with JIT (Just-in-Time) Approach!

Are you familiar with "Just-in-Time" (JIT)? This term signifies the concept of timely execution and extends beyond everyday use to encompass production processes and inventory management techniques. JIT, an abbreviation for Just-in-Time or Just-in-Sequence, highlights these precise production methods. What is Just-In-Time Approach? "JIT pertains to product

Warehouse full of inventories

SKU (Stock Keeping Unit) Explained

What is SKU (Stock Keeping Unit)? SKU (Stock Keeping Unit) is a commonly used term in logistics and inventory management that refers to the unit designation when individual inventory items are displayed on shelves, assuming unit control. 💡It is the unique identification code used to facilitate easy tracking for inventory

A business owner who uses ERP on a laptop

Why Small and Medium-Sized Businesses (SMBs) Seek Alternatives to ERP Implementation

As your business grows, the need for efficient management of company resources increases. Companies recognize the importance of business operations management and contemplate the implementation of an ERP system to streamline asset management. However, is managing the business through an ERP system truly the sole solution for a better business?

A male and a female employees having conversation by checking inventory level at the desk in a warehouse

The Emergence of 'Value Retail' in the post-COVID Era

Post-COVID era, ‘value retail’, provides value to customers by offering competitive pricing and opportunities to save money. Value retail encompasses various types of retail establishments including clearance businesses, discount stores, outlet malls, online discount retails, thrift shops, consignment stores, and online marketplace for used goods. We will explore how businesses

A customer using a mobile payment system on their smartphone to tap an RFID reader at the point of sale

Radio Frequency Identification System (RFID)

Did you ever wear an LED wristband at a concert? Those LED wristbands precisely track the rhythm of the music and change the color of their lights accordingly to create the perfect vibe. If you have ever been to Manhattan or Boston, you would have likely used a MetroCard or

A female holding shopping bags in her hands while listening to music

Retail Trends and Inventory Management in the Post-COVID Era

Although the major public health scare of the pandemic has subsided in societies worldwide, the aftermath of COVID-19 is continuing to wreak havoc in unexpected sectors of the economy. The retail industry, in particular, has been hit hard, prompting many wholesalers and retailers to rethink their inventory management strategies in

A female employee checking inventory via smartphone while holding carton boxes on one hand

Three Practical Ways to Make Use of Location Mode

Have you ever struggled with managing inventory that's stored in multiple locations, distinguishing between new and returned products, or properly tracking items that have been moved from the warehouse to the office? If so, consider implementing a location-based inventory management system to address these concerns mentioned above. Companies