Business Tips
We’ve listed some handy tips and tricks to get started with DEAR for your business.
Food Inventory Management: What It Is and How to Do It Well
For a restaurant owner or manager, there’s nothing better than hearing customers “Mmm!” and “Ahh!” over your savory food and refreshing drinks. And there’s nothing worse than going out of stock or serving a...
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9 Tips for Better Retail Inventory Management
Retail inventory management isn’t fun. You don’t get the thrill of interacting with your customers or the excitement of setting up marketing materials for the new brand you just rolled out. Instead, you get late...
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10 Practical Ways to Reduce the Cost of Inventory
In a competitive market, cutting costs is a smart way to stay one step ahead of everyone else. So what costs should you cut? Well, you could hire a 3PL provider to reduce overhead costs, or replace Excel inventory...
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6 Ecommerce KPIs You Need to Start Measuring Today
“If you can’t measure it, you can’t manage it.” We don’t know who said it first, but we do know this quote rings true in the world of ecommerce. If you don’t have specific objectives or clear goals, how do you know if you’ve reached a desirable outcome or milestone?...
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Lead Time Reduction: Why It’s Important and How to Do It Right
Are you tired of sitting on your hands, waiting for your products to arrive? You may need to implement a few lead time reduction strategies. Lead times vary from industry to industry, but they should still be...
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Inventory KPI: What It Is and the Most Important KPIs to Measure
Do you want to know how to grow your business efficiently? Develop inventory KPIs. With them, you’ll have the data you need to make smart, strategic decisions for your business. There are many KPIs you can use to...
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3 Ways Excel Inventory Management Hurts Your Business
Excel inventory management is good for one thing: Running a small business with little growth. If you’re just starting out or maintaining a small business without trying to expand it, then excel inventory tracking...
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4 Reasons Why Batch Tracking Is Crucial for Quality Control
Do you have a traceability system in place that minimizes accounting errors? Can you verify the history and location of a set of goods in case of a product recall? Are you aware of which of your products are close...
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How to Profit from the Benefits of Mobile Marketing
The benefits of mobile marketing are huge. From a closer connection to your customers to creative marketing campaigns, you can do so much more through a personal device than a desktop. Before we get into the...
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The 1 B2B Payment Problem You Need to Solve Today
B2B payment systems are slowly shifting from manual processes like checks into streamlined electronic processes like credit cards and PayPal. If you haven’t made the switch yet, it’s time to get onboard if you...
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Omnichannel Ecommerce Is the Future…Will You Benefit from It?
Omnichannel retail, also known as omnichannel ecommerce, is not only the future of business - it’s the cutting-edge of online retail today. If you’re not implementing it, you’re going to lose out to your...
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Reorder Point Formula: This Is What You Need to Avoid Stockouts
Do you know when you’ll need to order more inventory before selling out? Have you already experienced a few stockouts and don’t how to prevent them? Are you relying on your “instincts” to calculate your reorder...
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The Power of Safety Stock Inventory and How to Calculate It
What would happen if there was a sudden spike in market demand for your products? Would you have enough inventory to satisfy your customers? Or would you have to hang up the dreaded “out of stock” sign? If you’re...
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Periodic vs Perpetual Inventory: Here’s What You Need to Know
Every physical goods business has to make a choice between periodic vs perpetual inventory. Unfortunately, it’s hardly an easy choice to make. On the one hand, you have the manual, inexpensive, tried-and-true...
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How Consignment Inventory Works and How to Make It Work for You
Do you ever wish you could try out a new product in your retail store and not have to buy it unless you sell it? Or, wouldn’t it be nice to easily get your new product onto a retailer's shelves without much hassle...
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