Everyone in retail knows that the period between Thanksgiving and Christmas can become quite chaotic, yet few have truly mastered the art of preparing for the holiday rush. Here are some tips to help your small business get organized for the season. The Right Merchandise You’ll want most of your inventory at this time of … Read moreGetting Holiday Inventory Right
Proper inventory management is essential, so take a look at your current processes and see if you’re making one of these five common mistakes. 1. Unqualified workers are managing your inventory: Because this job is so important, you need to ensure you have the right people in charge of it. Hiring a professional inventory manager … Read moreAre You Making These Common Inventory Management Mistakes?
Most companies do their best to avoid getting returns or refund requests, but it’s still an inevitable part of doing business. Sometimes the product doesn’t meet a customer’s expectations or an incorrect item is sent, necessitating an exchange or refund. Many sales departments have a hand in some part of the returns process, like dealing … Read moreReturns Pose Challenges in the Warehouse
Modern retailers face a lot of challenges, but managing inventory accuracy remains one of the biggest. There are so many ways to lose track of inventory, and the numbers in the system can quickly become far different from what is actually in stock. Physical merchandise counting has to be performed regularly to maintain an accurate … Read moreThe Benefits of Cycle Counting