Reading Time: 5 minutesThe use of barcodes in inventory management is not new—it has been a standard practice for decades. The main question is how to set up a barcode inventory system. Many rising businesses tend to switch from manual inventory management to a proper barcode system to better manage and track inventory. Therefore, we have compiled this […]
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Reading Time: 5 minutesWhat is 3PL (Third-Party Logistics)? 3PL (third-party logistics) refers to outsourcing inventory operations to a reliable external service provider. The provider can handle almost all inventory-related activities, including: Warehousing – Arrange warehouse space, organize inventory, track stock levels, manage inventory supply, etc. Order Fulfillment – Process, pick, pack, and ship orders. Transportation – Manage logistics. And
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Reading Time: 5 minutesWhat is Inventory Accuracy? Inventory accuracy is the metric that reflects the differences between the actual inventory in the warehouse and the amount entered in the inventory record. 100% inventory accuracy means that the physical stock matches the inventory records. For example, if you have 980 units of products on the shelves, the same number
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Reading Time: 4 minutesScanning technology and systems are crucial to improving inventory accuracy. With scanning solutions, you can reduce human errors related to misreading or mislabeling and expedite the shipping processes. Mobile SmartScan is a scanning system that streamlines inventory management and enhances accuracy in inventory tasks. Therefore, let’s discuss the Mobile SmartScan solution and understand how it
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Reading Time: 6 minutesEfficient inventory management is essential to fulfilling customers’ demands on time. In the growing competitive era, businesses must exceed customer expectations by delivering top-notch products and keeping their inventory current and active. However, it is not unusual for businesses to struggle with inventory management challenges. In the U.S., inventory accuracy is 63% in retail operations,
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Reading Time: 7 minutesInventory management is a need of every business. Ineffective inventory management leads to stockouts/overstocking, missed sales opportunities, and higher operational costs. In fact, 34% of businesses today struggle with delayed shipments or unavailable products. Considering the technological advancements, there are now two ways of inventory management, i.e., manual inventory management or automated inventory management. The
Reading Time: 9 minutesDid you know that the world’s annual cost of inventory distortion, including stockouts, shrinkage, overstock, and similar distortions, is about $1.1 trillion? How to tackle that? Inventory management is the key. Effective inventory management helps to reduce inventory distortion costs and run an electrifying Shopify store. According to experts, consistency and a standard pace of
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Reading Time: 5 minutesThe eCommerce industry has seen exponential growth ever since the COVID-19 pandemic. Amazon recorded its highest $574.78 billion net revenue in 2023, which is almost double from $280.52 billion in 2019. Due to the boom in the eCommerce industry, many new eCommerce startups are launching every year. Although eCommerce brands have many things to consider,
How To Optimize Inventory Management in eCommerce: 7 Tips for Startups Read More »
Reading Time: 5 minutesInventory management systems are becoming a necessity due to the ever-growing complexity of inventory management. There are hundreds of processes involved in inventory management. They are related to purchases/sales to manage, stock to track, items to store, inventory levels to maintain, and much more. It is feasible to handle inventory management tasks when your business
8 Useful Benefits of Inventory Management Systems in 2024 Read More »
Reading Time: 4 minutesMany small businesses still grapple with outdated inventory management methods, finding the task of maintaining accurate inventory records exhausting and inefficient. However, it’s time to get rid of these outdated practices and embrace the automation, efficiency, and convenience modern inventory management systems have to offer. This is where C2W Inventory comes into action – the
