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How BI analytics works and why businesses cannot do without it

How BI analytics works and why businesses cannot do without it

Modern business is gradually but inevitably being absorbed by the digital age. It is becoming risky to remain committed to archaic management tools, not only because of the loss of opportunities, but also because competitors are already taking full advantage of the benefits offered by global digitalisation. This idea also applies to the process of […]

Finance

Read 5 minutes

Management of product assortment and formation of the assortment matrix

Management of product assortment and formation of the assortment matrix

Customer needs and desires, as well as economic conditions, are constantly changing. To be successful in managing product assortment, modern tools and approaches must be used. How can we improve product assortment management? What should we pay attention to? What factors influence assortment management at the retail point? How do we choose products for sale? […]

Assortment

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TOP 3 steps for effective change inventory management

TOP 3 steps for effective change inventory management

In today’s BANI world, where everything is changing and competition is at peak levels, it is important to “stay ahead of the game”. However, this is not always an easy task. One of the key tools for achieving competitiveness and economic sustainability is the implementation of technologies, software and change inventory management. The real challenge […]

Inventory in production

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Inventory Optimization in the Artistic Sphere through SaaS Solution

Inventory Optimization in the Artistic Sphere through SaaS Solution

Making art supplies might seem simple, but creating each drawing, palette, or brush involves a careful process that demands attention to detail and top-notch quality from the manufacturers. In the world of competitive creativity, this production is a key chain in delivering art to everyone around you, and the choice of high-quality materials is crucial […]

Inventory in production

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How to define the Economic Order Quantity. Success story retail

How to define the Economic Order Quantity. Success story retail

If your company deals with the small business, then it will be quite simple for you to define the economic order quantity manually. However, in the wake of business growing, you should consider the issue of investing into the inventory management system in order to control your reserves more efficiently. There are many reasons why […]

Inventory in retail

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How to Calculate and Account for Retro Bonuses to Stimulate Sales

29 Oct 2024

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How to Calculate and Account for Retro Bonuses to Stimulate Sales

A retro bonus (commonly referred to in global practice as a “rebate”) is a reward given for achieving a specific volume of product sales or for reaching a predetermined sales amount.

Inventory in retail
Inventory Management in Retail: How to Calculate Key Performance Indicators

29 Oct 2024

Read 7 minutes

Inventory Management in Retail: How to Calculate Key Performance Indicators

Calculating and analyzing KPIs in inventory management provides insight into where money is concentrated in the supply chain. Often, funds remain tied up in excess inventory at warehouses and retail locations, or retailers lose customer loyalty and miss out on profits due to lost sales. Inventory management in retail comes down to balance: achieving product […]

Inventory in retail
Inventory management metrics in the company

29 Oct 2024

Read 7 minutes

Inventory management metrics in the company

Inventory Management Metrics: Article Outline   Inventory Management Efficiency Metric Indicator of No Excess Inventory Obsolete Inventory Level Inventory Utilization Efficiency Metrics  Inventory Management Metrics are the process of determining and maintaining an optimal inventory level and ensuring its financing. Inventory management is one of the most underestimated processes for increasing company profits. In the […]

Inventory in retail
Excesses in Inventory Management

24 Oct 2024

Read 7 minutes

Excesses in Inventory Management

Today, there are many inventory management programs that enable excellent results when ordering goods from external suppliers. They all rely on different metrics, algorithms, and methods. Which metrics are more important, and which management methods are most suitable—each company decides for itself, depending on its specifics. However, several key problematic phenomena can be identified that […]

Inventory in retail
How to Choose the Right Inventory Management System

24 Oct 2024

Read 7 minutes

How to Choose the Right Inventory Management System

The approach of retail chains to inventory management has changed significantly over the past few years. This transformation is not just about automating this function but also about raising awareness among retailers. There is now a clear understanding of why inventory management is important and what they specifically want from an inventory management system. Looking […]

Inventory in retail
Re-ordering, inventory in a retail store

24 Oct 2024

Read 3 minutes

Re-ordering, inventory in a retail store

Store inventory or re-inventory is regularly conducted to compare, reconcile available goods and accounting data, and is a regulated process of the retailer.

Inventory in retail
Automated Ordering of Goods

24 Oct 2024

Read 5 minutes

Automated Ordering of Goods

Article Contents: Automated ordering system Effects of using an automated ordering system Automated ordering of goods (auto-ordering) in ABM Inventory: reducing lost sales, improving product availability, and speeding up inventory turnover. What tasks does the auto-ordering system solve in retail? What effects does the company experience? Instead of a Prologue This is the kind of picture […]

Inventory in retail
Understanding the inventory control process: methods and best practices

24 Oct 2024

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Understanding the inventory control process: methods and best practices

Inventory is the main asset of any retail business. Effective inventory management and control helps businesses stay profitable, maximize revenue, use inventory efficiently, avoid overstocks, and reduce the number of write-offs. What is inventory control? Inventory control can sometimes be synonymous with inventory management, as both management and control help maintain the financial stability of […]

Inventory in retail
How to effectively manage the Fresh category?

24 Oct 2024

Read 7 minutes

How to effectively manage the Fresh category?

The success criterion for any retailer is having the right product on the shelf at the right time and in the right quantity. When it comes to products with long shelf life and stable sales frequency, the task seems realistic and achievable. And it is, especially if the retailer uses an automatic replenishment software solution. […]

Inventory in retail
2 Nabiji Supermarket Chain Embarks on Strategic Partnership with ABM Cloud for Inventory Excellence

08 Jul 2024

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2 Nabiji Supermarket Chain Embarks on Strategic Partnership with ABM Cloud for Inventory Excellence

2 Nabiji, the renowned supermarket chain from Georgia, has announced a strategic partnership with ABM Cloud, a trusted leader in retail automation solutions. The collaboration aims to implement ABM Cloud’s advanced AI-based inventory optimization solution in the retailer’s chain to streamline stock management and boost sales. As one of the leaders in the retail market […]

Inventory in retail
Merchandising
Daily launches ABM WMS: optimization of warehouse processes for the leading chain in Georgia

03 Jul 2024

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Daily launches ABM WMS: optimization of warehouse processes for the leading chain in Georgia

ABM Cloud team has completed the implementation of ABM WMS warehouse management system in Daily supermarket chain, one of the leading retail chains in Georgia. Daily, operating since 2014, is a dynamically growing chain with 230 retail outlets and more than 3000 employees. Daily is actively developing business infrastructure in the regions of Georgia and […]

Warehouse
Tegeta Motors, a leading distributor of auto parts in Georgia, optimises inventory with ABM Inventory

25 Jun 2024

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Tegeta Motors, a leading distributor of auto parts in Georgia, optimises inventory with ABM Inventory

ABM Cloud and the business group «Tegeta Motors», a leader in automotive products and services in Georgia, have started cooperation in the field of complex automation of inventory management. The main goal of the project is to optimize the assortment and stocks in the distributor’s warehouses using the ABM Inventory solution. «Tegeta Motors» distributes its […]

Inventory in retail
International Beverages Tashkent cooperates with ABM WMS!

04 Jun 2024

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International Beverages Tashkent cooperates with ABM WMS!

International Beverages Tashkent is the official bottler of PepsiCo in Uzbekistan for production of soft drinks of famous international brands Pepsi, Lipton, Adrenaline Rush, Mirinda, 7UP and Mountain Dew. ABM WMS implementation in IBT company started in December 2023 with the organization of raw materials warehouse and finished goods warehouse, the total area of which […]

Warehouse
Stock Control Software in the Construction Industry: Enhancements from Industry Giant

16 Apr 2024

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Stock Control Software in the Construction Industry: Enhancements from Industry Giant

Managing supply chains in the construction industry is a difficult task. High seasonality, volatile demand, complex logistics, and multi-stage supply chains are just a few of the challenges facing construction company management. Telling the story of one such case study – a client that faced challenging inventory management tasks – can shed light on how […]

Inventory in production
How BI analytics works and why businesses cannot do without it

12 Apr 2024

Read 5 minutes

How BI analytics works and why businesses cannot do without it

Modern business is gradually but inevitably being absorbed by the digital age. It is becoming risky to remain committed to archaic management tools, not only because of the loss of opportunities, but also because competitors are already taking full advantage of the benefits offered by global digitalisation. This idea also applies to the process of […]

Finance

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