If you’re new to the concept of inventory tracking, this article shares a few basic tips on how to name your products, and set up your inventory software or spreadsheet to make it easier to track different types of items. Essentially, this boils down to carefully balancing quick human readability, while maintaining the ability to quickly sort and filter your products when needed.Continue reading
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Inventory management methodologies, definitions, and best practices to manage and control your stock.
If your business doesn’t have its own storefront, you may want to consider selling a few items on consignment. You may have heard of consignment stores in the context of second-hand goods, but many retailers are also willing to take new products on consignment, as a way to bolster their own stock. This is a […]Continue reading
It won’t be obvious to your customers, but drop shipping is a completely different way of fulfilling orders that relies a lot more on your vendors. This article quickly reviews the traditional retail fulfillment model and compares it to how drop shipments work.Continue reading
How little is too little? That’s exactly what your Reorder Point will help you determine. Let’s talk about the concept of reorder points, safety stock, and how to put those numbers together to make sure you have the right amount of stock on-hand.Continue reading