Inventory is the lifeblood of every successful business, from fashion to electronics, from retail to wholesale, and beyond. Managing the entire inventory block may not sound like a major hassle initially, but if you have a widespread business with multiple warehouses...
E-commerce businesses face significant financial implications due to inefficient inventory management practices. A report from IHL Group revealed inventory distortion (combined cost of out-of-stock and overstock) is projected to cost retailers $1.77 trillion worldwide...
Today’s customer retail habits are transforming from traditional shopping to online platforms. As the online shopping landscape continues to evolve, customers want to shop in the comfort of their homes while retaining a traditional shopping experience. Brands are...
Deadstock, obsolete inventory, and damaged stock are some of the terms that give us a threat in a jiffy. While these circumstances possess the power to increase operational costs for retailers, poor management can lead to a huge loss of both inventory and...
