General Information
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General Information
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by  06.20.2021
Inadequate pricing verification can lead to many problems such as legal action, damaged business reputation, and many other complications. We do not want that to happen.  At one point, you probably have encountered being overcharged or undercharged at a retail store. Sometimes, you catch it at...
Inadequate pricing verification can lead to many problems such as legal action, damaged business...
Inadequate pricing verification can lead...
Supply Chain
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Supply Chain
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by  04.27.2021
The supply chain is defined as the system where a supplier and a company work together to deliver a product to a consumer. This would include the people involved, the materials needed for the production of the items, the storage facility, the marketing for the item, and the distribution and delivery...
The supply chain is defined as the system where a supplier and a company work together to deliver...
The supply chain is defined as the system...
General Information
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General Information
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by Administrator 03.11.2021
As COVID-19 hit a huge percentage of the world, life drastically changed. Social distancing became a necessity, and taking extra precautions with personal hygiene, such as regular hand-washing and wearing masks, became a norm. With business owners, more changes took place as they had to adjust to having...
As COVID-19 hit a huge percentage of the world, life drastically changed. Social distancing...
As COVID-19 hit a huge percentage of the...
General Information
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General Information
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by Administrator 02.20.2021
In a perfect and ideal setting, there is no reason to worry about inventory theft. However, the reality is that many businesses lose a lot due to inventory theft. This shrinkage can be traced based on the difference between the accounting records such as receipts, purchase orders, and physical count....
In a perfect and ideal setting, there is no reason to worry about inventory theft. However,...
In a perfect and ideal setting, there is...
General Information
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General Information
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by Administrator 01.17.2021
The beginning of the year is a crucial time for business owners. A new year spells out another chance to improve the business and increase profits. This is the time for businesses to drum up new strategies for marketing, set new goals for the organization, and even redesign the interiors. The new year...
The beginning of the year is a crucial time for business owners. A new year spells out another...
The beginning of the year is a crucial time...
General Information
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General Information
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by Administrator 12.14.2020
2020 is drawing to a close and brings with it the end of an eventful and difficult year. With all its complications and uncertainties, business owners have to face realities, and those whose businesses have survived also have to face the daunting task of counting inventory for the end of the year.  With...
2020 is drawing to a close and brings with it the end of an eventful and difficult year. With...
2020 is drawing to a close and brings with...
Supply Chain
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Supply Chain
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by Administrator 11.13.2020
The supply chain is a vital part of many businesses. It is key to the success of a company and customer satisfaction. It is an elaborate process that can reduce costs, and make a business more efficient. While machine learning and AI can improve the forecasts and demands, forecasting and delivery...
The supply chain is a vital part of many businesses. It is key to the success of a company...
The supply chain is a vital part of many...
Supply Chain
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Supply Chain
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by Administrator 08.06.2020
Coronavirus has disrupted a lot of things in every industry. The supply chain has also been greatly affected by the pandemic. When this virus first came out in the news, never would we have expected that things will escalate to where we are now.  The rapid spread of the virus has affected everyone...
Coronavirus has disrupted a lot of things in every industry. The supply chain has also been...
Coronavirus has disrupted a lot of things...
General Information
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General Information
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by Administrator 04.30.2020
Warehouse management is optimizing and managing the operations of warehouses starting from the entry of the inventory until these are sold or consumed. In warehouse management, the operations include receiving the inventory, storing, and shipping the inventory out to the customers.   Benefits...
Warehouse management is optimizing and managing the operations of warehouses starting from...
Warehouse management is optimizing and managing...
General Information
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General Information
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by Administrator 12.17.2019
To know what the business has in its inventory, the best way to find out is to count every single item.  However, counting the inventory one by one and doing a physical inventory is simply impractical. If you are running a big company, it is just hard to do a physical count. There will be more errors...
To know what the business has in its inventory, the best way to find out is to count every...
To know what the business has in its inventory,...
Inventory Management
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Inventory Management
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by Administrator 08.28.2019
Doing inventory count can be a very stressful and tedious task. Counting store merchandise can take up a lot of time for some businesses and might require closing store for the time being. However, even if it is something that you do not want to do, you still have to do it. You have to check your inventory...
Doing inventory count can be a very stressful and tedious task. Counting store merchandise...
Doing inventory count can be a very stressful...
Inventory Management
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Inventory Management
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by Administrator 07.11.2019
Most of the time, consumers use UPC and SKU interchangeably. However, for those who are managing the inventory, it is important to determine the difference between the two. The Difference between SKU and UPC Code SKUs or stock keeping units are inventory codes that are unique to a certain organization....
Most of the time, consumers use UPC and SKU interchangeably. However, for those who are managing...
Most of the time, consumers use UPC and SKU...
General Information
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General Information
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by Administrator 05.28.2019
An inventory management system is used to track the flow of products in and out of a business. Your company can incorporate one primary inventory management system or utilize a combination of techniques, whichever best meets your business’s needs. Your inventory management strategies will allow...
An inventory management system is used to track the flow of products in and out of a business....
An inventory management system is used to...
Inventory Management
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Inventory Management
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by Administrator 01.15.2019
Companies usually do an annual inventory but most of the time, this is being overlooked. There are multiple factors that can hinder a company's annual inventory plan. Usually, lack of manpower and time are the common reasons why a planned inventory does not push through. Other factors include not having...
Companies usually do an annual inventory but most of the time, this is being overlooked. There...
Companies usually do an annual inventory...
General Information
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General Information
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by Administrator 11.19.2018
Businesses that deal with inventory frequently run into issues that they must to solve in order to maximize profits. That includes finding the right management technology, dealing with seasonal items, and more. But one thing that many retail and wholesale businesses have to deal with is insufficient...
Businesses that deal with inventory frequently run into issues that they must to solve in order...
Businesses that deal with inventory frequently...
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