In this article, we explore the concept of “Economic Order Quantity” (EOQ), a crucial formula in inventory management. We delve into its definition, the factors needed for its calculation, and the benefits and challenges associated with it. By the end, you’ll grasp the importance of EOQ in optimizing inventory levels, reducing costs, and ensuring efficient […]
Bullwhip Effect – Definition, Causes, and Impacts on Supply Chain In every business, customer-oriented demand fluctuations take as a standard to some degree. A retailer sells 100 packs of socks one month, while the same retailer doubles the sales next month. Of course, this is not a one-way journey. The increasing demand from the end […]
Learn How to Earn More Setting Up Your Minimum Order Quantity! Whether in wholesale, retail, or manufacturing, you’d better make your minimum order quantity calculation wisely to deal with company sales and to have an advantage at the end of the day. That’s why we drop this article to illuminate you on the definition of […]
How to Make an Invoice in 5 Easy Steps No matter how big or small your business is, it would help if you created an invoice for your clients in the last instance. It is significant to have an idea about forming an invoice with different sections and look professional at the same time. This […]
Flat Rate: Everything You Need to Know About Flat Rate Shipping Flat rate shipping is one of the options that can make your life easier when predicting shipping costs, as well as help in the reduction of your delivery expenses. Most ecommerce companies nowadays opt for simplifies the process of sending out orders. With WMS […]
Barcode Inventory System Benefits Your Business Operations Everybody knows that barcodes were a supersonic leap over pen and paper inventory tracking. Still, many warehouses and companies have yet to tap into the full potential of a modern inventory system with barcode capability. Now, with connected technology and advanced warehouse algorithms, another quantum leap in performance […]
