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7 Ways Retailers Can Reduce Delivery Costs

Locus

On one hand, they’re battling shrinkage, which includes inventory losses from both operational slip-ups and theft. Geocoding drastically cuts down on the headache of reattempted deliveries on these unclear by accurately locating unclear addresses, thereby saving costs and boosting customer satisfaction. Pretty daunting, right?

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6 Inventory Control Techniques for Stock Optimization

EazyStock

Inventory Control Techniques that use Stock Optimization Best Practices. There are hundreds of inventory control blog posts on how to organize warehouses, track goods and pick and pack efficiently. Firstly, let’s get a few definitions: What is inventory control? Understand your demand.

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How to Improve Inventory Turnover with Inventory Optimization

EazyStock

How to Increase Inventory Turnover with Inventory Optimization. The concept of inventory optimization helps many businesses improve their inventory turnover – without damaging stock availability. This post will explain how, but first, let’s deal with a few simple definitions. Prioritize your inventory.

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What is a SKU? 3PL Advice for eCommerce Inventory Management

Ship Monk

In our eCommerce fulfillment blog we sometimes highlight industry jargon that’s essential for every entrepreneur. SKUs are vital to inventory management and the success of any business—as pivotal to operations as a binding agent is to a meatball (i.e. Today, we’re talking about SKUs, also known as Stock Keeping Units. What is a SKU?

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8 Best Inventory Demand Forecasting Techniques

EazyStock

Demand forecasting techniques play a critical role in inventory management. However, producing an accurate inventory demand forecast is no mean feat. But first – let’s get a definition: What is inventory demand forecasting? The Importance of Accurate Inventory Forecasting. Identify trends.

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BlueGrace Logistics CEO Bobby Harris Talks Strategy Amid Market Volatility

Blue Grace Logistics

Bobby Harris speaks to nearshoring, consumer demand trends and how fuel costs hit home. We’re definitely starting to see some of that. Shippers aren’t worried about, ‘Hey let’s just get it here so that we can have excess inventory.’ To read the entire blog visit BlueGrace Logistics.

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4 Ways Big Data is Changing Inventory Management

EazyStock

The real value businesses receive from big data is the ability to analyze data trends in real-time and accordingly extract critical data for management and operations. Big data feeds insights to MDM, and MDM feeds big data with master data definitions. The value of big data is how quickly patterns and trends can be identified.