Inventory Management, Point Of Sale

5 Frustrating Inventory Mistakes Retailers Commonly Make

Inventory is a key part of profit and revenue. Whether it involves raw materials or retail products, managing inventory is essential to monitor the whereabouts of the goods. Inventory is a company’s current asset that makes good business operations possible. It is performed to keep your business afloat and continue to grow. However, it is not as smooth as it…

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Customer Management, General, How To, Inventory Management, Point Of Sale

Sales Return: Why does it Exist and How to Prevent it?

When customers return the products they buy, a company would accept it. It’s their right. They have the right to return the goods they are not satisfied. Sales return is a normal part of a business. It has always been a good practice most merchants used to provide customer satisfaction. There are different customers. The cause for product return may…

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Inventory Management

Managing Inventory Transfer and Balancing in Multiple Warehouses

Inventory management is all about managing items that your business holds – stocks. Your stocks are the items you sell. An effective inventory management ensures that those stocks are at the right place and price. Moving items from one warehouse to another is completely different. Managing inventory transfer and making everything balance is probably the most complex side of inventory…

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Inventory Management

Physical Inventory: The Easier Way to Carry Out

To figure out your profits, you need to perform a physical inventory. Performing physical inventories can help prevent shrinkage. Production and purchasing can also be easily managed. Doing physical counts is critical for the success of any retail industry. However, this is probably not included in your favorite list as it takes hours to count store merchandise. Some merchants may…

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