What Is An Inventory Tracking System? A Guide for Apparel Brands
What Is An Inventory Tracking System? A Guide for Apparel Brands An efficient, reliable inventory tracking system is a must-have for every apparel brand, no matter how big or small, looking to get ahead in business. As the name suggests, an inventory tracking system – otherwise known as inventory management software – […]
Perpetual Inventory System: A Guide for Apparel Brands
Perpetual Inventory System: A Guide for Apparel Brands As the name suggests, a perpetual inventory system is an inventory management system that continuously records the cost of goods sold and raw materials purchased in real time for every transaction. To put it in another perspective, it’s an inventory management solution that perpetually counts your inventory […]
Warehouse Inventory Control for E-commerce: Best Practices and Software
Warehouse Inventory Control for E-commerce: Best Practices and Software Efficient warehouse inventory control plays a pivotal role in achieving operational excellence, especially for e-commerce. Deployed effectively, it can lead to higher customer satisfaction and sustained growth. As online shopping continues to reshape retail, it becomes paramount for online stores, especially those dealing […]
What is Inventory Turnover and How Do You Calculate It?
What is Inventory Turnover and How Do You Calculate It? Inventory turnover is an important inventory management metric you need to keep an eye on at all times. It gives you insight into how fast – albeit slow – your inventories are moving along your sales channels and supply chain. While a […]
What Is Stock Taking and How Does It Benefit Apparel Businesses?
What Is Stock Taking and How Does It Benefit Apparel Businesses? Also known as inventory checking, stock taking is the practice of periodically checking your inventory (including finished goods and raw materials) level to ensure it matches what you have in your records. It also involves inspecting your inventory to be sure they are in […]
What is Automated Inventory Management? A Detailed Guide
What is Automated Inventory Management? A Detailed Guide Inventory management is one of the challenging parts of running a retail business, especially if you operate multiple sales channels. You’d have to handle inventory tracking, warehouse management, order fulfillment automation, tracking your sales data – the list is just endless. While you can handle all these […]
Maximizing Productivity with a Warehouse Management Systems
Maximizing Productivity with a Warehouse Management System WMS, short for Warehouse Management System, is a must-have for businesses looking to manage their warehouses better, reduce storage costs, and boost profits. As the name suggests, WMS is a software that enables you to manage your warehouse better by automating most of your warehouse processes. For example, […]
Inventory Allocation for Fashion Brands
Inventory Allocation for Fashion Brands Proper inventory allocation is crucial to the success of any fashion and apparel business. The reason is that when you get your inventory allocation strategy right, you will find it easier to utilize your warehouse space properly, increase inventory availability, optimize inventory levels, forecast inventory demand better, and improve your […]
5 Practical Tips for Efficient Apparel Inventory Control
5 Practical Tips for Efficient Apparel Inventory Control Looking for an efficient way to control inventory for your apparel business without spending a fortune? Read on because this post is for you. Inventory control is one of the toughest parts of running an apparel production/retailing business. It involves checking and regulating your inventory level so […]