We’ve listed some handy tips and tricks to get started with DEAR for your business.
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...Read Article
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...Read Article
Just-in-time (JIT) inventory was developed in post-world war II Japan when the country had few resources, little money, and high unemployment. It helped Toyota become one of the dominant car manufacturers in the...Read Article
Your rate of inventory turnover is a key metric to understand if you want to optimize your cash flow, working capital, and inventory costs. By calculating your rate of inventory turnover, you’ll have a better...Read Article
Social media is like the cocktail party of ecommerce: ultimately, your job is to be the most entertaining and interesting host possible. Your friends and fans will enjoy hanging out and engaging in...Read Article
Working Capital is an important financial metric for understanding your company's operating liquidity (the ability to convert your assets into cash for the purpose of paying the bills). Knowing your amount of...Read Article
While the ecommerce landscape ebbs and flows there remains one constant we can’t escape (for now): Amazon is the single most important platform you can be selling through if you want to stay competitive and...Read Article
Performing a complete stocktake once or twice a year is absolutely essential for maintaining healthy inventory levels and minimizing losses in retail and wholesale businesses (not to mention keeping the...Read Article
Did you know 69% of online shoppers completely abandon their shopping carts before making a purchase? That’s what the research says according to usability firm Baymard Institute. Think about it like this: Say 10...Read Article
Large volumes of inventory don’t just lead to more management headaches - they can cut into your profits as well. Of course, you don’t want to have too little inventory and risk losing sales through stock...Read Article
3rd party logistics or 3PL services are rapidly becoming a crucial asset to businesses who want to be more efficient and productive by focusing on their core competencies. A 2016 study revealed that 70% of...Read Article
Growing a business means growing sales, which can be done a few ways. A couple of go-to strategies include finding more customers and increasing your average order size. Wouldn’t it be nice if you could do both...Read Article
Thinking about expanding your business by getting into online wholesale? It can be a scary and stressful venture at first. The downside is that selling wholesale online requires a bit more knowledge and up-front...Read Article
As with just about every type of business, the combination of the internet and other technologies has made it easier than ever to start and/or grow a wholesale business. And whether you’re a manufacturer looking...Read Article
Let’s be honest: all-night stocktake blitzes and over complicated excel spreadsheets are painful to use, unnecessarily labor intensive, and incredibly outdated. Why torture yourself and your team when there...Read Article
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