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Warehouse full of inventories

What Is a SKU? Definition & Inventory Benefits

An 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 management purposes. [Definition source: Wikipedia]

A business owner who uses ERP on a laptop

Why SMBs Are Seeking ERP Alternatives

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. But 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

Value Retail Trends 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

RFID Explained: How It Works & Key Benefits

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 Inventory Trends After COVID-19

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

Location Mode: 3 Practical Inventory Uses

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

Keyboard with the Omnichannel button

Real-Time Inventory Management for Omni-Channel Distribution

As a business owner or inventory management professional, you may have encountered the term "Omni-Channel strategy" or "Omni-Channel distribution." This strategy is widely adopted by retail companies to meet consumer expectations for seamless and convenient shopping experiences. Effective real-time inventory management is essential for successful Omni-Channel