Inventory Management

5 Tips for Improving Your Inventory Management in 2021

6 minutes read

Inventory management remains one of the most important ways you can transform your e-commerce business into a profitable and successful enterprise. This is one of the critical competitive advantages that you can gain in 2021 when virtually every business is feeling “the squeeze” following shutdowns and social distancing measures that have accompanied the COVID-19 pandemic.

inventory management

Sales forecasting and inventory optimization

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The complete guide to inventory forecasting

Inventory Inventoro

Inventory forecasting can help you reduce inventory and increase product availability. The process requires smart software algorithms to succeed. If done right, inventory forecasting also improves your customer satisfaction and saves time on replenishment administration.

Six effective ways retail businesses get rid of their dead stock

dead stock

Dead Stock. They hold your inventory space and your cash flow at the same time. More importantly, they hold you back from real growth. Our data shows that on average dead stock makes up around 40% of your inventory, which makes it a major obstacle to your business success.

How to reduce inventory, with or without a software solution

In general, Inventory management is how you can make sure your customers can spend as much money as possible at your company. This means keeping products available for sale, offering customers the products they want to buy, and not keeping unnecessary overstock, all at the same time.

5 signs you need to invest in BI software for your retail business

business intelligence

The retail business becomes ever more competitive, organizations that use some sort of business intelligence software seem to have an advantage over those who don’t. And everybody seems to be crazy about AI. It’s AI this, AI that. But is AI the answer to everything?