Inventory Management: Forecasting Techniques

Inventory Management: Forecasting Techniques

Keeping up with the day-to-day tasks of inventory management can feel like an endless struggle. For new business owners, it can be difficult to keep track of the levels of your current stock and estimating how much stock to order in the future. Using forecasting...
Inventory Management: Demand Forecasting

Inventory Management: Demand Forecasting

Keeping up with the day-to-day tasks of inventory management can feel like an endless struggle. For new business owners, it can be difficult to keep track of the levels of your current stock and estimating how much stock to order in the future. Using forecasting...
Inventory Management: Naïve Forecasting

Inventory Management: Naïve Forecasting

Keeping up with the day-to-day tasks of inventory management can feel like an endless struggle. For new business owners, it can be difficult to keep track of the levels of your current stock and estimating how much stock to order in the future. Using forecasting...
Should Your Ecommerce Business Offer Backorders?

Should Your Ecommerce Business Offer Backorders?

So many companies allow all their products to be backordered items. A Backordered product is an item that is not in stock now but is still able to be ordered because an already-ordered supply refresh arrives. When deciding if your business should allow all the...
What Does Backordered Mean?

What Does Backordered Mean?

What goes through your head when you see that your favorite lotion is backordered? Do you not even worry about it or do you fight for your favorite lotion? To understand backordered items, you need to understand the difference between an out-of-stock item and a...
Inventory Management: Demand Forecasting

Best SKU Formatting Practices

Having a good idea of how you will be formatting the SKUs for your business is something that isn’t thought about a lot but will help your business A TON. A SKU is a “Stock Keeping Unit” that names your products that you sell in your company. This helps identify not...