Product companies have to innovate quickly in the coronavirus era. With increases in online shopping and demand for click-and-collect, retailers and wholesalers are doing everything from shifting their sales-channel focus to fundamentally changing how they do business.
Lost, obsolete or overstocked inventory drives up costs and destroys margins. Without inventory visibility, you won’t know your business is suffering until it’s too late.
Big corporations like Procter & Gamble and Unilever are getting better performance from their inventory through SKU rationalization, so much so that the process is now trending across companies of all sizes. But what is an SKU? Or, rather, what is a SKU? How do you even say it? SKU can be pronounced like the […]
How much does inadequate inventory management cost a business? No matter what or how you sell, bad inventory management can hurt your cash flow and mess with your bottom line. Generally speaking, businesses treat inventory as a current asset. They assume that stock can be quickly sold and turned into cash. As such, inventory is […]