Americans love small businesses. In fact, statistics on small businesses show that 47% of Americans shop small at least twice a week. It’s not just consumers who love small businesses — the economy does too. You’ve likely heard the saying before, “Small businesses are the backbone of the U.S.,” and it’s true. Millions of […]
To generate a barcode, you need to decide how many items you need barcodes for, order barcodes through GS1, and then apply the printed barcodes to your products. Jump to: Determine what type of barcode you need Check how many products require barcodes Create a GS1 account Obtain unique identification numbers for your products Add […]
Inventory management techniques describe different ways to strategically manage stock for a specific business. Companies often employ different inventory management techniques depending on their products, industry, and more. In 2013, Walmart experienced an inventory crisis, losing over $3 billion due to out-of-stock merchandise and a lopsided inventory turnover ratio. Sure, plenty of mammoth companies have […]
When CFOs were asked what one recommendation they had to improve company decision-making, the top response was “implement digital technologies, AI, and automation.” And for good reason. Tools like automation and AI technology can create a positive ripple effect that extends to forecasting, planning, and analyzing your metrics. Such perks encourage today’s finance professionals across […]
Here at Cin7, we’re always looking for new ways to improve our processes and products to help our customers succeed. As such, we’re excited to talk about the new Cin7 onboarding packages we launched on September 1, 2023. We’ve created some pretty comprehensive, convenient packages that will help you make the most out of Cin7 […]
Inventory cycle count is a stocktaking process companies use to accurately track and manage inventory without committing to a full physical inventory audit. Through cycle counting, small businesses can avoid interruptions while saving time and improving inventory accuracy. Auditing inventory is an undervalued aspect of inventory management and one of the most crucial. For warehouses […]
The best POS system for small businesses is Cin7 Core, as it allows businesses to personalize shopping experiences through customer data and create loyalty programs and rewards tailored for customers — all in an easy-to-use mobile app. In 2023, your point of sale (POS) system must do more than just process customer transactions. In this […]
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Many people view cost-cutting as a reaction to economic challenges like rising prices or decreasing consumer demand. In reality, cost optimization is a smart way to build a competitive advantage and set your business up for long-term success. However, for 70% of businesses, the main reasons behind reducing expenses are generating long-term efficiency and enabling […]
It’s the moment you’ve been waiting for all summer long – the August Cin7 Virtual Product Event! Wait, you actually have a life outside of developing a connected inventory system? What’s that like? Just kidding, we just love what we do and wouldn’t have it any other way. And we’ve been super busy working on […]
Author: Accountfully We have an important question for the CPG business leaders and doers out there; how are you feeling about your inventory status, right now? If thinking about your inventory management process is tiring and overwhelming, yet your main source of revenue is inventory, then it is time to take a hard look at […]
Manufacturing waste is an activity that uses resources but doesn’t add value to the end customer. Waste becomes a significant drain to the bottom line when left unchecked. From inventory waste, transportation waste, and defective products, waste can accrue in various areas across the company. Have you ever hosted a dinner party just to […]
A warehouse management system is a software solution that gives businesses visibility and control over warehouse processes. This software helps companies manage and improve processes, such as distribution and fulfillment. Fans of “The Office” may remember when Michael Scott placed golden tickets into five different boxes — promising a discount to customers who received the […]
![Automated inventory management: An expert guide [2023]](https://ik.imagekit.io/ccyubla1p9v/wp-content/uploads/2023/08/Automated-inventory-management-hero-image-2x.jpg)
Automated inventory management is software that allows businesses to optimize their inventory management processes with minimal human intervention. These solutions automatically track stock, set reorder points, generate reports, and more. In 2023, real-time order tracking is the norm. Consumers not only have access to but expect notifications about the status of their order — from […]
