When we say multi-location, you probably think of chain stores like Wal-Mart and Target. Maybe even Costco. Retail juggernauts with many locations across many different cities, states, and even countries. However, multi-location inventory management is a necessity for...
There’s a lot of business essentials that go on behind the scenes. As a consumer, it’s easy to think retailers indiscriminately place products on the shelf. But the truth is far from that. Distribution management is an essential part of maximizing profits and can be...
In September 2020, Intuit, the parent company of QuickBooks, purchased TradeGecko for $80 million USD. TradeGecko, a popular inventory management solution, was quickly rebranded to QuickBooks Commerce (QBC), and for a short time, things continued business as usual....
Businesses run on cash flow. That’s a simple fact that no one can ignore, not even mega-corporations like Walmart and Amazon. For retailers, this extends to inventory. Put simply, no cash flow means no cash to purchase more inventory, which means no sales. This...
Every business will have to deal with dead stock at some point. It’s an unfortunate truth, but knowing this means you can prepare beforehand. That doesn’t mean you have to plan out every little detail ahead of time, but having a rough idea will go a long...