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A customer using a mobile payment system on their smartphone to tap an RFID reader at the point of sale

RFID Explained: How It Works & Key Benefits

Did you ever wear an LED wristband at a concert? Those LED wristbands precisely track the rhythm of the music and change the color of their lights accordingly to create the perfect vibe. If you have ever been to Manhattan or Boston, you would have likely used a MetroCard or

A female holding shopping bags in her hands while listening to music

Retail Inventory Trends After COVID-19

Although the major public health scare of the pandemic has subsided in societies worldwide, the aftermath of COVID-19 is continuing to wreak havoc in unexpected sectors of the economy. The retail industry, in particular, has been hit hard, prompting many wholesalers and retailers to rethink their inventory management strategies in

A female employee checking inventory via smartphone while holding carton boxes on one hand

Location Mode: 3 Practical Inventory Uses

Have you ever struggled with managing inventory that's stored in multiple locations, distinguishing between new and returned products, or properly tracking items that have been moved from the warehouse to the office? If so, consider implementing a location-based inventory management system to address these concerns mentioned above. Companies

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

How Often Should You Count Inventory? Best Practices

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

Managing Product Life Cycle (PLC): Your Product Lifespan

Every product has a life cycle, starting with its introduction to the market, growing slowly, gaining popularity, reaching maturity, and eventually disappearing. This theory, known as the Product Life Cycle (PLC), is analogous to a person's life. Understanding PLC is crucial for various aspects of a business. Knowing