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Navigating Inventory Challenges: The Impact of Supply Chain Uncertainty and Inflation

In recent years, businesses have encountered difficulties in managing their inventory. Various factors, ranging from supply chain uncertainties to substantial inflation and changes in consumer behavior due to the pandemic, have had a significant impact on companies' inventory levels. What is the relationship between supply chain uncertainties, inflation, and

A male employee looking at a dashboard full of data analyzed by AI

Enhancing Efficiency in Inventory Management with AI

AI's popularity, sparked initially in part by 'AlphaGo', continues to sweep the industry with the emergence of ChatGPT. This generative AI, recognized for its limitless potential, is gaining popularity across various business domains. Moreover, AI technologies, constantly advancing, are actively being applied in diverse business areas.

Sortly vs. BoxHero

Inventory Management App Analysis (1): Sortly vs. BoxHero

Are you looking for an efficient inventory management solution? Sortly and Boxhero are top inventory management apps sought after by companies seeking easy and convenient solutions. Effective inventory management is crucial for businesses of all sizes, including large enterprises, SMBs, retailers, and individuals. It's important to choose a

A note with "Just In Time Production Strategy" with a pen, graph, calculator, and spreadsheet on a wooden table

Reducing Inventory Costs Dramatically with JIT (Just-in-Time) Approach!

Are you familiar with "Just-in-Time" (JIT)? This term signifies the concept of timely execution and extends beyond everyday use to encompass production processes and inventory management techniques. JIT, an abbreviation for Just-in-Time or Just-in-Sequence, highlights these precise production methods. What is Just-In-Time Approach? "JIT pertains to product

Warehouse full of inventories

SKU (Stock Keeping Unit) Explained

What is SKU (Stock Keeping Unit)? SKU (Stock Keeping Unit) is a commonly used term in logistics and inventory management that refers to the unit designation when individual inventory items are displayed on shelves, assuming unit control. 💡It is the unique identification code used to facilitate easy tracking for inventory

A business owner who uses ERP on a laptop

Why Small and Medium-Sized Businesses (SMBs) Seek Alternatives to ERP Implementation

As your business grows, the need for efficient management of company resources increases. Companies recognize the importance of business operations management and contemplate the implementation of an ERP system to streamline asset management. However, is managing the business through an ERP system truly the sole solution for a better business?

A male and a female employees having conversation by checking inventory level at the desk in a warehouse

The Emergence of 'Value Retail' in the post-COVID Era

Post-COVID era, ‘value retail’, provides value to customers by offering competitive pricing and opportunities to save money. Value retail encompasses various types of retail establishments including clearance businesses, discount stores, outlet malls, online discount retails, thrift shops, consignment stores, and online marketplace for used goods. We will explore how businesses