Inventory Management in a Nutshell

Posted by THE CLEVER DUDES ADMIN

Inventory Management in a Nutshell

A business’s inventory is usually their largest asset and is an important input in the budgeting process. Having a well organised and consistent inventory with a definite structure and predefined procedures for adding new products, handling the purchasing and sales processes and managing stock movements is vital. Nowadays inventory lists exist on multiple platforms or channels, each with different hierarchical definitions and so it becomes pertinent that all of these lists remain up to date and consistent across all platforms and channels. Merchandise Classification Merchandise classification is the hierarchical structure used to classify product data across the organisation by developing...

Ecommerce Is Evolving – You along for the ride?

Posted by THE CLEVER DUDES ADMIN

Ecommerce Is Evolving – You along for the ride?

Let’s be honest, the world is changing. With global COVID-19 cases numbering over 1 million, the novel Coronavirus is having a huge impact on people and businesses worldwide. Now that countless countries are in quarantine or on lockdown, people are spending more time than ever on the internet. In fact, internet usage has increased by as much as 50%. As a result, while people are spending more time than ever online, even ecommerce businesses are being affected.  Ecommerce is Changing At the moment, things are tough for a lot of business. They’re better if they’re already selling online, but even among...

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