Category: Inventory Management

What is Overstock Inventory?

What is Overstock Inventory? What is Overstock Inventory?

Overstock inventory, also known as overstocking, refers to a surplus of goods or products that a business maintains in its stockpile. The amount of inventory that is maintained in this stockpile exceeds the amount that is needed to meet the immediate demands of consumers. Overstock inventory can occur for a variety of reasons, such as […]

Is Third-Party Fulfillment the Same as Dropshipping?

Is Third-Party Fulfillment the Same as Dropshipping? Is Third-Party Fulfillment the Same as Dropshipping?

E-commerce growth continues to reach fresh all-time highs with each passing year. Total online retail sales exceeded $1 trillion in 2022, hitting a record, according to Comscore. Consumers are shifting their behavior, choosing to buy online rather than in-store. With demand higher than ever, newcomers to eCommerce might find it challenging to manage the logistics […]

Top 5 Strategies to Improve Inventory Management

Top 5 Strategies to Improve Inventory Management Top 5 Strategies to Improve Inventory Management

Inventory management is one of the most critical functions in any organization. An effective inventory management system enables organizations to react swiftly to market demands and also bring in substantial cost reduction through optimal stock holding. An inventory that falls short translates to lost sales opportunities, while […]

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