Additional Resources
Why Average Inventory Matters
No inventory = no sales. Too much inventory = lost profits. Much like the porridge of Goldilocks’ fame, companies must get inventory levels “just right.” If purchases exceed incoming and stored inventory, businesses face stockouts and customer frustration. If goods sit on shelves without being purchased, warehouses and distributors are paying to store products that ... Why Average Inventory Matters
How 3PLs Streamline Returns Management
Ecommerce has become a part of everyday life, gaining significant ground in the last few years alone, and showing no signs of stopping. With this increase in ecommerce comes an increase in returns, and thus, an increase in the need for efficient returns management. Mass returns can become overwhelming without proper support, leading to lost ... How 3PLs Streamline Returns Management
How To Create SKU Numbers: A Comprehensive Guide For Effective Inventory Management
Introduction to SKU Numbers SKU numbers, or stock keeping units, are a critical component of inventory management for any business that sells physical goods. These alphanumeric identifiers help track products throughout the supply chain, from warehouse shelves to customer orders. By assigning a unique SKU code to each product variant, businesses can manage stock levels ... How To Create SKU Numbers: A Comprehensive Guide For Effective Inventory Management