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Inventory management is managing goods from sourcing and production to selling to the end parties where supply chain management (SCM) is primarily related to transfer of goods, information, and products between different members of the supply chain, including the supplier, manufacturers, wholesalers, retailers, and finally the consumers. Nowadays, most supply chain executives are aware of …

Role of Technology to Eliminate the Risks of Supply Chain Inventory Management Read More »

An online flea market pricing guide to equip flea market vendors of all experience levels to succeed before, during, and after a flea market!   PLANNING BEFORE BECOMING A VENDOR FOR FLEA MARKET Locate opportunities to be a vendor. Do a Google search for flea market directories, and you will get multiple websites to choose from …

101 Flea Market Pricing Guide and Strategies for Flea Market Success in Season and Out of Season Read More »

Gone are the days when people visit different stores to buy different products. Now everything has come under a roof. No, I am not talking about superstores. Superstore has become an old concept now. Now people like to shop everything online without visiting stores. For the changing buying pattern of the customers, the retailers are …

Reasons for Closing Off the Retail Shop Read More »

It doesn’t matter what kind of business one does, excess inventory is common to all types of business and the companies have to find ways of controlling it because it tends to take a lot of storing space, tie up a lot of capital and also use a lot of money paying up the warehouse …

Seven Ways to Avoid Carrying Excess Inventory Read More »

Having a reliable inventory control system should be at the forefront of any product distribution business or organization. An inventory control system is very important because it has an immense impact on sales and we know that sales determine profits. A balance has to be maintained on all inventories purchased or manufactured. You will need …

Why is Inventory Control System Important? Read More »

The excess unprofitable stock is a nightmare to every business owner. It may come with benefits after some time, but it is never a major money-making strategy. Suppose the causes mentioned above results in you are harboring surplus stock that makes you lose money, there is no need to rant about the situation because you …

Advantages and Disadvantages of Excess Inventory Read More »

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