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How to turn emerging inventory management trends into opportunities. Image source The economy and everyday life began to return to normal in 2022 as the world emerged from the global pandemic, but the lingering after-effects were clear. Part delays, overcrowded shipping docks, and labor shortages continued to make it difficult to get materials from point […]
Inventory management on-the-go produces unexpected benefits. Image source When new technology in the 1980s moved inventory management from manual logs and punch cards to digital spreadsheets and software programs, it represented the biggest inventory control advancement we had witnessed in centuries. Just a few decades later, mobility is altering the landscape again, as inventory management […]
Optimize pricing without alienating valued customers. Image source Inventory management software provides the information and analytics necessary to drive innovative and profitable dynamic pricing models. For thousands of years, the price tag did not exist. Instead, customers and vendors practiced the art of verbal haggling as pricing fluctuated wildly depending on supply, demand, competition, […]
Inventory management software makes just-in-time delivery a reality instead of a goal. Image source When Taiichi Ohno implemented just-in-time (JIT) inventory management as part of the Toyota Production System in the 1970s, the world took notice. The self-explanatory name embodied a concept focused on reducing waste—primarily in the handling, storage, and transportation of raw […]
Technology, foresight, and creativity are among the keys to Black Friday marketing success. Image source Inventory management software is the key to streamlining your inventory tracking, product listings, and forecasting as you prepare for the biggest online and in-person shopping event of the year. For decades, what was formerly known as “the day after […]
APIs are the workhorse behind seamless and flexible multi-channel commerce. Image source The concept of the Application Programming Interface (API) has been with us since the 1950’s, putting it decades ahead of the modern computing era. Even then, experts realized we would need to develop standardized methods for computers and applications to interface with […]