Insight

E-commerce is the fastest-growing retail sector. Global retail sales will continue to grow and take up more retail market share. According to research completed by eMarketer and Statista, online retail sales will reach $6.51 trillion by 2023, with e-commerce websites taking up 22.3% of total retail sales. Online

Introducing BoxHero: Your Ultimate Solution for Barcode Generation and Label Designing When shopping, cashiers scan barcodes to streamline checkout. Barcodes are comprised of black vertical lines and spaces, which are decoded into characters upon scanning. A pre-existing association between the barcode and the corresponding product must be established for the

With a growing business, you’ll notice that it’s hard to keep stock organized as you will have hundreds of different items in the warehouse. Assigning SKUs to the products you handle is a way to easily keep the inventory under control and this saves you time and effort

Managing inventories can be costly. With rising warehouse fees, supply chain constraints, and labor, not to mention the expensive inventory management software you are using, the current business environment makes inventory management even more costly and challenging than ever before. If your business is struggling over inventory-related issues and keeps

1. What is the inventory turnover ratio? The inventory turnover ratio means the frequency of conversion of inventory into sales in a given period. In other words, it refers to the ratio of inventory volume to shipment volume of goods over a period of time. In particular, inventory volume here

We’ve all been there before. If you’ve ever used Excel to manage inventory manually, I bet you found yourself being limited by its features. Excel is one of the many affordable and accessible options for controlling inventory, however, as it is not designed specifically for inventory management, it