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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!

A female team member demonstrating BoxHero's features to booth visitors

BoxHero at Smart Retail Tech Exhibition 2023 in London

Boxhero participated in the Smart Retail Tech Expo in London, UK. The event provided an opportunity for Boxhero to network with industry professionals, showcase its inventory management solution, and receive valuable feedback.

Minimum Order Quantity signages on a wooden floor

Understanding Minimum Order Quantity (MOQ)

This blog post emphasizes the importance of Minimum Order Quantity (MOQ) and how it can affect the pricing and inventory levels of products. Understanding MOQ is crucial when placing orders to avoid excess inventory or high purchase prices.

An inventory manager checking quantities of inventories in a warehouse

Master Confusing Inventory Management Lingo - Part 2

In our previous series on how to “Master Confusing Inventory Management Lingo” (Part 1), we introduced some of the most commonly used yet misunderstood inventory management terminologies such as Safety Stock, Reserve Stock, and Inventory Maintenance Cost. If you find yourself asking, “How can I put better inventory management into

A young woman uses inventory management system to look for inventory in a warehouse.

Master Confusing Inventory Management Lingo - Part 1

Accurate definition of keywords that inventory managers must know Are you new to inventory management? Do you ever feel lost when it comes to managing your inventory? Having a solid foundation of the basic terminology should make it much easier to understand the concept of inventory management. We’ll introduce