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Keyboard with the Omnichannel button

Real-Time Inventory Management for Omni-Channel Distribution

As a business owner or inventory management professional, you may have encountered the term "Omni-Channel strategy" or "Omni-Channel distribution." This strategy is widely adopted by retail companies to meet consumer expectations for seamless and convenient shopping experiences. Effective real-time inventory management is essential for successful Omni-Channel

A female employee checking inventory in a warehouse

The Benefits of Conducting Regular Inventory Counts for Your Business

There is a discrepancy between the inventory recorded in the system and the actual inventory held in the warehouse. Company A discovered this through inventory counts, which is the process of verifying the accuracy of the quantity of physical inventory against the system-recorded inventory. It involves physically counting the items

Scanning Barcode

Barcodes vs. QR codes. What's the Difference?

What do you need to manage inventory? For starters, you need items, warehouses, and people. Something else that is essential that may be overlooked is barcodes. Barcodes are essential for fast inventory tracking, efficient sorting, and organizing of items. While it is possible to manage inventory without barcodes, no one

A female employee checking inventory in a warehouse

Does Your Product Have a Lifespan?: Managing Product Life Cycle (PLC)

The theory of Product Life Cycle (PLC) states that every product has a life cycle, starting with an introduction, development, growth, maturity, and decline. This blog explores what each stage of PLC entails and inventory management tips for each stage of product life.

A male online shop owner forecasting demand on a laptop

Demand Forecasting Methods for Inventory Optimization

Establishing optimal inventory levels is crucial for companies to achieve operational excellence and profitability. The companies need to forecast demand and find the appropriate reorder point for their inventory. This blog presents two effective methods of demand forecasting to optimize inventory.

A toursau view of a female seller who is using laptop to process orders online

4 Types of eCommerce Marketplace & How to Manage Profit Margin

In today's online business landscape, selling on multiple channels is key to increasing sales. BoxHero offers guidance on online sales channels: open, closed, hybrid, and vertical markets. The sellers should manage unit pricing per channel, keeping in mind that each has different sales commissions.

Full of inventories in a warehouse

Master the ABC Inventory Analysis: Comprehensive and Easy-to-Follow Guide

Master ABC Inventory Analysis. Categorize products into A, B, and C classes and apply effective inventory management strategies for each. Use BoxHero to identify best-sellers and avoid stockouts. Get weekly reports to make informed decisions. Simplify inventory management with BoxHero today!