Inventory Management, POS and Retail news and insights.
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 […]
Deciding between inventory scanning methods isn’t always black and white. Image source In the digital age, optimizing the efficiency of your inventory management software system is essential. Choosing the right bar coding technology for your business is one of the best ways to maintain an edge over the competition. It would be hard to […]
Six keys to conducting an effective inventory audit. Image source No inventory management system can function optimally without accurate, up-to-date information. An inventory audit ensures computer data and physical reality are aligned. Inventory counts date back thousands of years to a time when clay tokens and tally sticks were used to represent physical inventory […]
What you need to know to get the most out of your supplier relationships. ©PIKSEL via Canva.com Running a business is all about relationships, and one of the most important for retailers is the relationship they have with their suppliers. It follows, then, that supplier relationship management is a key component of any successful […]
