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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

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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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Warehouse audit: objectives, warehouse performance analysis

23 Jun 2017

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Warehouse audit: objectives, warehouse performance analysis

It is not easy for both business owners and logistics managers to organize a fine-tuned and well-established warehouse operation.It is not easy for both business owners and logistics managers. Everythingis learned through trial and error. And when you realize that the warehouseis operating inefficiently, and moreover, this inefficiency is causinglosses, the decision for a comprehensive […]

Warehouse
How to define the Economic Order Quantity. Success story retail

26 May 2017

Read 7 minutes

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
Accelerating inventory turnover: how to influence the indicator

08 May 2017

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Accelerating inventory turnover: how to influence the indicator

How to improve the inventory turnover rate in every point of supply chain: supplier-manufacturer-distributor-retail? Implementation of the Theory of Constraints (TOC) tools, especially the Dynamic buffer management allows to considerably improve the inventory turnover and business performance rates. Inventory turnover is the estimate indicator. In order to choose the methods of influence on it, let’s […]

Inventory in retail
Branded retail chain: the nuances of accounting and general management

19 Mar 2017

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Branded retail chain: the nuances of accounting and general management

Branded retail chain – where to start? The main aims for opening a branded retail chain are: The main goals of the branded retail chain are:   How did the format of branded retail chain appear? The branded retail chain resulted from artisan classes, stationary points of sale, uniqueness of the artisans’ tools and technologies. […]

Inventory in retail

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