We’ve listed some handy tips and tricks to get started with DEAR for your business.
Walmart lost $3 billion in 2013 due to poor inventory management, leading to frequent stockouts. If that’s how improper inventory management affects a mega-corporation, how do you think it would affect your...Read Article
Obsolete inventory is the worst kind of inventory you can have (next to no inventory, of course). It increases your cost of inventory and is hard to get rid of. If you have too much inventory on hand that’s not...Read Article
Would you like to know exactly when you need to reorder stock and how much you need to reorder? Then you need to calculate your economic order quantity (EOQ). EOQ - much like a reorder point formula - helps you...Read Article
A minimum order quantity is often seen as a necessary evil in wholesaling, retailing, and manufacturing. Some businesses like it, some businesses hate it, and some businesses have to use it. But what is a minimum...Read Article
In 2011, Nucleus Research discovered that CRM systems delivered an average return of $5.60 for every dollar spent. They continued to research the returns from CRM software and found that in 2014, the average...Read Article
The United Arab Emirates (UAE) Government is officially moving forward with a 5% value-added tax (VAT) that will take effect on January 1st, 2018 - and you need to prepare for it immediately. Any business that’s...Read Article
DEAR Inventory just won the official title of Xero's app-of-the-month for November! There are plenty of cloud-based inventory management systems out there, but Xero customers continually rank DEAR as one of the...Read Article
You’re never done learning the basics. And your pick and pack process is one of the most basic tasks for running a functional business. Get it wrong, and you’ll lose money and customers. Get it right, and you’ll...Read Article
Are you managing your inventory as effectively as possible? It’s OK if you’re not. Most businesses have plenty of areas to improve, especially in their warehouses. But if you don’t begin the process of upgrading...Read Article
Receiving inventory effectively is the first step towards successful warehouse management. If you screw it up, everything else will be screwed up with it. This is true in any warehouse or industry, from food...Read Article
See if you can answer this question: What does the U.S. military and Walmart have in common? Here’s a hint: They both value efficiency and expediency. Still don’t know? Alright, we’ll tell you. The military and...Read Article
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...Read Article
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...Read Article
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...Read Article
“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?...Read Article
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