Reading Time: 7 minutesWhat is a Bill of Materials (BOM)? A bill of materials (BOM) is a comprehensive list of items, parts, assemblies, drawings, documents, and other materials needed to create a product. It includes information related to each item’s required quantities, specifications, and quality. Think of it as a recipe used to build a final product. To […]
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Reading Time: 5 minutesWhat is Kitting and Bundling? Kitting and bundling is a process of grouping products together to sell them as a single product. However, where they differ is the products being grouped. When you create kits, you package separate but related items as a single unit, which becomes one SKU. For example, someone purchasing a new
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Reading Time: 6 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 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: 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
