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THE IMPORTANCE OF WAREHOUSE MANAGEMENT IN MANUFACTURING

Having a solid warehouse management system in place is essential for manufacturers to be successful. There are four tools to help with optimizing your warehouse inventory management system

All of these build off of each other to create an environment in which manufacturers can thrive. Let's explore how they all work together.

WAREHOUSE LAYOUT

One of the biggest holdups in the manufacturing process is often the amount of time it takes to pick all of the raw goods and materials that are littered throughout a warehouse. Everything in a bill of materials has to be on hand and ready to go in order to begin manufacturing a certain product. So if you can shorten the man-hours you spend picking orders, you will really boost your efficiency.

 AUTOMATIC REORDER POINTS

Having a well-planned warehouse layout is a great idea, but it won’t do you much good if you don’t have the right number of parts in that warehouse to facilitate manufacturing. Having too few items in stock will lead to stock outs and delays while having too many will lead to unnecessarily high carrying costs and a cramped and cluttered warehouse.

Automatic reorder points are helpful tools in maintaining a balance of inventory in each warehouse. When the quantity of a specific item in your inventory reaches a low level, your warehouse management system notifies you that it is time to reorder that item. If you have a really good system in place, it can even tell you the proper quantity to reorder, based on historical sales trends, lead time, and other data points.

SUPPLY CHAIN MANAGEMENT

Just as the effectiveness of your warehouse layout is dependent on having the right inventory in your warehouse, automatic reorder points presuppose the presence of supply chain management. It’s important for manufacturers to maintain good relationships with their suppliers or vendors. Getting favorable payment terms can have a big impact on cash flow. Plus, you should monitor your vendors’ performance over time so that you can see if a vendor is getting orders to you accurately and on time.

A good way to keep track of all of this is to use a warehouse management system that lets you track product movements, integrate with your e-commerce accounting software and set default vendors for all of your parts and products.

BARCODE SCANNING

We briefly mentioned barcode scanners in the Warehouse Layout section, and now let’s delve deeper into why these tools are so important in manufacturing. A little barcode scanner does two big things:

·         Increases efficiency

·         Reduces errors

Scanning barcodes to pick materials, reorder items, and receive items into your warehouse makes those processes go much faster than attempting to hand type them or write them down on a piece of paper. Your warehouse workers can get a lot more done in the same amount of time when they’re not tied down by obsolete practices.

Plus, they’ll avoid a lot of potentially costly mistakes when entering data. Even the best typist will make typos from time to time on a keyboard. Writing just one wrong number in an item’s ID number or quantity can have disastrous consequences. Barcode scanners keep these typos to a minimum by automatically populating the correct information with the scan of a barcode. There’s very little to type, and the information is instantly updated in your warehouse management system so every worker and leader can stay on the same page.

PLANNING TO SUCCEED

Planning and maintaining your warehouse management system by using a great layout, automatic reorder points, supply chains, and barcode scanners is a big boon to manufacturing. These tools allow you to move faster, be leaner, and ensure the accuracy of your inventory data at each stage of manufacturing.

 For more information about retail solutions visit on counfreedise.in

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3 Reasons Your Business Needs a Catalog Content Management System

The e-commerce industry grows with each new year. Customers love the ability to shop from wherever they are in the world using their laptop or smart devices, and companies looking to make their brand stand out often turn to selling products online.

While e-commerce logistics solutions are powerful in its own right, it’s important to make sure you’re working with a catalog content management system. The catalog content management system is actually an essential tool for business owners. There are many benefits of a catalog content management system. Let’s take a look at a few of them.

1. The Data Will Capture Customers and Entice Them to Buy When you work with catalog management software, you’re putting the most necessary product information out there. Any product on the internet with data including colors, sizes, materials, and style is going to help you get the most clicks. Your management system will make sure that all colors are spelled out instead of abbreviated and will allow each product description to include other important details. Your customers will appreciate knowing every little detail about the items they’re looking to buy.

2. Your Overall Customer Experience Will Improve The data coming from your catalog management software will not only help your business succeed but will also make an impact on your customer’s experience. Your customers will be happy to see photos of your digital shelf, as they can get a feel for what these products will look like in real life. In fact, 66% of customers say they want to see at least three e-commerce images while online shopping. It makes the shopping process a lot easier for anyone looking to buy online. The attention to detail will keep your customers coming back for more.

3. Your Ability to Work With Suppliers will Strengthen A good way to grow your business is to work with other suppliers. While this can be done by working with suppliers you personally know, not all companies have these types of connections. But that doesn’t mean it’s impossible to gain new partners. If you have a good catalog management system, you can upload supplier data and begin expanding your company.

Utilizing an e-commerce catalog content management system can help your business thrive with the click of a button. Are you ready to improve your e-commerce site?

For more information about e-commerce accounting software visit on counfreedise.in

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Benefits of Ecommerce Accounting Software

Ecommerce accounting software offers tremendous advantages to today’s online retailers, who are seeking to gain an edge in a highly competitive market. Read on to learn about the key benefits of Ecommerce accounting software

Ecommerce: Why It Can Work for Your Online Retail Business

The online retail industry is, by far, one of the most competitive sectors today. But it has the potential to be extremely profitable for those Web shops that can develop and execute successful promotional and operational strategies. In order to thrive, these businesses must be able to clearly differentiate themselves from the hundreds of thousands of other sites out there. Ecommerce accounting software helps Internet stores accomplish this – and more – by helping them make their Web presence as attractive, intuitive, and compelling as possible.

Some of the primary benefits that can be achieved through the deployment and use of an Ecommerce accounting software package include:

Broader Reach for Marketing and Promotion Efforts

Many Ecommerce accounting software packages include capabilities that support even the most sophisticated search engine optimization strategies. This dramatically enhances marketing and promotional efforts by generating greater awareness among potential buyers, and making it easier for more people to find a given Web site.

Additionally, many Ecommerce logistics solutions offer a complete portfolio of professionally-styled design templates. This helps improve branding initiatives by providing online retailers with a way to project a better image without the need to hire third-party graphic designers.

Increased Revenues

An Ecommerce accounting software solution can boost revenues in several ways. First, it can help drive more traffic to an online store, which in turn can result in a higher volume of sales. It can also offer customers a more intuitive interface for browsing, so they can more easily find what they are looking for.

Also, some Ecommerce accounting software packages will dynamically recommend complimentary products and services to buyers based on what they’ve already purchased or viewed. This can improve income generated by up-sell and cross-sell programs.

Enhanced Customer Service

An Ecommerce accounting software solution delivers a more convenient and pleasant online shopping experience to buyers. Browsing for specific products and services is simple, and checkout is fast and easy. Additionally, order fulfillment and shipping status can be instantly tracked at any time. As a result, customers will be much more likely to recommend that particular Web shop to other buyers and will also be more likely to return to make additional purchases in the future.

Improved Efficiency

Ecommerce accounting software dramatically increases productivity by eliminating the need to hand-code the Web site and all needed functions. It also fully automates such processes as the creation, categorization, and organization of new product listings, as well as the calculation of item sub-totals and totals (when multiple products are purchased), taxes, and shipping expenses. Moreover, Ecommerce accounting software solutions streamline and simplify site administration, making it easier for companies to enhance and update their Internet shops as needed.

Enhanced Intelligence

With an Ecommerce accounting software package in place, online retailers can analyze browsing and purchasing patterns in great detail to fully understand what drives their business. By gaining insight into the critical trends and factors that influence buyer behaviors they can develop plans to further boost sales and profitability.

For more information about retail solutions visit on counfreedise.in

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HOW TO DETERMINE THE BEST E-COMMERCE LOGISTICS SOLUTION

Running an ecommerce business is difficult, and many ventures fail because they didn’t have the proper logistics or Catalog Management Software in place to run the business smoothly.

It’s not uncommon for ecommerce business owners to be afraid of the unknown: outsourcing your company’s supply chain can seem scary at first. You may be worried that you won’t have enough control, there could be too many unknowns, or that you don���t want to go through the struggle of finding the right logistics company (especially if you have no firsthand experience).

Before you begin your search, consider the benefits of an e commerce logistics solution.

Ecommerce logistics solution: Benefits

1. It can help with inventory management

Without proper inventory management, you run the risk of having too much or too little inventory, both of which result in loss of sales. Supply chain management firms maintain inventory levels and keep track of shipments. They also help maintain vendor relationships, which can be difficult for ecommerce companies, as different vendors have very different lead times.

2. Helps keep customer satisfaction high

A customer’s first purchase is especially important, because repeat customers statistically spend more than new customers. One of the most surefire ways to keep your customers happy is to deliver a product accurately and on time.

3. Provides high-level data

For logistical companies, metrics are crucial. Data is constantly being collected, and e-commerce companies can use that data to improve their business and bottom line.

4. Risk mitigation

A supply and logistical management’s ability to ascertain risks before they happen can be a game changer. They’re able to identify legal risks and liabilities and come up with quick, efficient solutions.

Once you understand the benefits and are on board with outsourcing your logistics, you can start creating a list of potential companies to work with. Any product you’re considering — especially a big one — requires doing your homework.

Things to consider

During your research process, consider the following:

1. Choosing a warehouse

Choosing the best physical location is the first step, and this depends on the region you’re trying to serve. The closer you’ll be to your customers, the more prompt deliveries will be. This will also help alleviate transportation costs.

Also consider different types of rental contracts. If your ecommerce business is seasonal, look for a location that offers seasonal contracting.

2. Staff availability

It’s important to fully understand the warehouse’s workforce and compare it against the labor demands of your own company. Ask yourself: Is the warehouse a 24-hour facility? Will other businesses in the areas limit labor capacity? What’s the turnover rate for employees? Does the staff consist of company workers or temporary staff? And lastly, what certifications or education levels are employees required to have? Asking these questions gives you a solid overview of the company morale and how serious the company takes their business.

3. Technology

Every logistics solution uses technology they see best fit for their company. However, software in this space is constantly evolving, while some companies like to stay up-to-date and don’t mind re-training staff of better solutions, while others like to stick to the tried-and-true.

Think about what you value the most, but the bottom line is to have the best capabilities to take care of and manage your products. From the latest in cross docking technology to satellite tracking, the logistics provider you choose should be able to follow your shipment wherever it goes.

4. Communications

Your early communication with a potential logistics company speaks volumes for the potential partnership. A great company should be able to get the message across in a clear and timely manner. And this isn’t just about communication between your business and theirs; it’s a great indicator of proper communication to external suppliers.

5. Freight management

Freight management involves the calculation of shipping goods and products, the maintaining of accurate records, controlling costs, and sustaining warehouse inventory management levels — among other responsibilities. Different logistics and supply chain managers take care of this process in a way that’s best fit for their company, but it’s important to understand how it’s also the best solution for you.

There are different logistical terms for the way companies handle this. A “milk run,” for example, is a route designed around customer demand that also picks up several other deliveries along the way and is always collecting or distributing product. However, running milk run routes requires a high level of discipline.

Ask your potential supply and logistics firm how they handle freight management, and how it benefits you.

For more information about retail solutions visit on counfreedise.in

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7 WAREHOUSE MANAGEMENT TIPS TO IMPROVE INVENTORY CONTROL

Warehouses form the nucleus of numerous businesses and it is imperative that they are managed efficiently. However, its size and structure can become overwhelming if not managed properly. You can manage it efficiently by implementing a warehouse management system, with which you can control the movement and storage of the materials within the warehouse. Additionally, you can incorporate tasks like transportation management, accounting systems, light manufacturing, etc.

Managing inventory effectively and maximizing warehouse productivity rank on top of the priority list of almost all the warehouse managers. If you are one of them, these 7 warehouse inventory management tips will help you in improving inventory control and achieving effective warehouse management.

Plan an Efficient Layout

The warehouse layout must be carefully planned out in order to maximize storage space. You must arrange the space in a manner that allows you to move smoothly and with ease while carrying goods around the warehouse. You must keep enough space to maneuver the forklifts and weight carrying machines around without any hindrances. Mark the bins and place them in a planned manner to avoid confusion and stocking of goods at inappropriate places. The right layout will also help in minimizing safety hazards.

Stock Inventory as Per Need

You must arrange your inventory based on how and when you use/need it. You shouldn’t hoard inventory unnecessarily throughout the year unless there is a regular demand. Keep the stock levels at 1.5 times the average for avoiding blocking of working capital. With optimized inventory holding, you can effectively reduce the cost of storage. You can study historical trends as a part of your warehouse management process to forecast the inventory need.

Apply Cross Docking to Maximize Space

The objective of cross docking is to reduce the shelf storage time of stocks in the warehouse. It helps in transporting warehouse delivered goods quickly to the outbound carriers that can take the stocks to distribution centers. You have to ensure that the warehouse layout supports cross docking.

Implement Strict Standards for Safety

Don’t make your warehouse an unsafe place for your employees. If your staff isn’t trained properly, you will have numerous accidents and high injury rates. Ensure that only the well-trained and experienced employees operate heavy duty equipment such as forklifts. Mark the safety protocols in the warehouse, such as indicating a safe distance from danger zones.

Incorporate Efficient Weighing Systems

Make efficient weight scales, such as truck scales, an integral part of your warehouse as it helps in optimizing all the weighing processes. You can improve the accuracy of the billing and shipping tremendously, thus increasing the revenue. The overall workflow productivity is also enhanced.

Use Technology to Enhance Inventory Management

Technology is a good friend to have in the warehouse. New robotics technology has become the most sought after technology in many companies. You can partner up with warehouse management systems and create customized software and smart robots that can help in managing the movement, storage and sorting of warehouse inventory. Automated vehicles come a close second. By incorporating self-driving technology in the warehouses, you can reassign human labor to more critical jobs and enhance safety and efficiency.

3D printing technology allows on-demand production of various components for manufacturing at the location itself. It can effectively eliminate the need for any transportation, thus reducing the cost and lead times significantly. Innovation of newer, lighter and stronger materials like nanotubes and graphene is also exciting news for warehouse and e commerce logistics solutions management. You need less energy to transport lighter materials and equipment. To make it even better, self-repairing finishes and self-assembling materials are already in developmental testing!

Improve Demand Planning

Demand planning is a crucial part of forecasting inventory purchases, stock requirements and customer buying trends. This helps in optimizing inventory levels and meeting the demands of the customers at the same time. When the demand planning is effective, you can track the sales trend history, product activity during specific seasons of the year, trends of various manufacturers and different rules of warehouse storage and business.

Don’t let the complexities of a warehouse wear you down. With careful and efficient planning, you can achieve your goals and manage every single warehouse with high efficiency.

For more information about retail solutions visit on counfreedise.in/retail-solutions/cataloguing-solutions/

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Ecommerce Software Solutions - Looking To Sell Online? Look no further, Our Solutions helps you to create a sustainable online business. Over 200 brands have trusted us with their online business till date. We offer retail solutions such as warehouse management, multi channel fulfillment software, Accounting and more.

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Ecommerce Software Solutions - Looking To Sell Online? Look no further, Our Solutions helps you to create a sustainable online business. Over 200 brands have trusted us with their online business till date. We offer retail solutions such as warehouse management, multi channel fulfillment software, Accounting and more.

[counfreedise18-blog]

Ecommerce Software Solutions - Looking To Sell Online? Look no further, Our Solutions helps you to create a sustainable online business. Over 200 brands have trusted us with their online business till date. We offer retail solutions such as warehouse management, multi channel fulfillment software, Accounting and more.

[counfreedise18-blog]

Ecommerce Software Solutions - Looking To Sell Online? Look no further, Our Solutions helps you to create a sustainable online business. Over 200 brands have trusted us with their online business till date. We offer retail solutions such as warehouse management, multi channel fulfillment software, Accounting and more.

[counfreedise18-blog]

Ecommerce Software Solutions - Looking To Sell Online? Look no further, Our Solutions helps you to create a sustainable online business. Over 200 brands have trusted us with their online business till date. We offer retail solutions such as warehouse management, multi channel fulfillment software, Accounting and more.

[counfreedise18-blog]

7 Common Challenges of e-Commerce Catalog Management

Here’s our list of 7 common challenges of product Catalog management software. As an e-Commerce seller, do any of these sound all too familiar?

1. Updating Products Constantly

Depending on the type of products you sell and where you sell them, some merchants have to continuously update their SKUs.

This could be because of constant price changes, listing newly available products, or other various reasons. Without proper management, this can be a real hassle for merchants.

Every day, you could spend a significant amount of time fine-tuning your items so that you can list them. This is time taken away from other important tasks such as marketing, operations, and your customers.

2. Selling Across Multiple Channels

Any merchant who sells in 2 to 3 channels can usually agree that one of their biggest challenges is listing their products simultaneously.

If you sell on your e-Commerce site, Amazon, and eBay, listing your product is complicated. It’s even more complicated if you sell on multiple branded sites.

The challenge is that each channel has its own requirements for how your product must be listed. Amazon’s product categories are different from eBay’s. How you list your product on Amazon shouldn’t be how you list your item on your own site.

Merchants shouldn’t list their product the same way on Amazon, eBay, and your site. When you do, you usually end up leaving product listings incomplete or confusing. Your products could not even be listed in the right place.

This isn’t going to meet your customers’ expectations. They won’t be able to find your product. If they do find it, they won’t have enough information to make them feel confident that they’re buying the exact item they want. They’ll buy from your competitor who does.

Most merchants understand how important this is. But, a lot still don’t tailor their product listings to the channels they’re selling on. They don’t because they don’t have an efficient way to create multiple listings for the same product.

For those who do try to tailor their listings, they often end up spending hours within messy data.  They’re slow to go to market with their products and usually still make listing mistakes.

Without the right tools, this is a common challenge that e-commerce accounting software sellers need help overcoming.

3. Dealing with Supplier Data

Working with product data from 3rd-parties, such as suppliers, also poses a challenge for merchants.

Suppliers often hand over product data over to merchants that has  bare minimum information. Several product attributes probably aren’t included.

The little information that they do provide is also probably in the wrong format. You might always spell color green as “GRN”, but the supplier spells it “gn.”

Suppliers don’t sell directly to consumers. They don’t need to standardize their product information the same way that you do.

These are nuisances that you’re going to have to fix before you can thinking about publishing product listings. Having to clean this data up can take weeks for some companies.

It slows down your process and can make managing your e-Commerce catalog problematic.

4. Expanding Your Product Catalog

When your product catalog is already a mess, it’s hard to add more SKUs.

You either have to go back and clean up your SKUs, or you have to live with inconsistent product data quality. This makes it a challenge for merchants to expand their product catalog.

They may not have the resources or time to fix these types of problems. It discourages them from growing their business.

5. Keeping Data Quality Consistent

Many of the previous challenges we talked about above affect the quality of your data. It’s hard to maintain data when expanding your catalog, working with suppliers, and publishing on multiple sales channels.

Your products can end up having misspelling, missing information, and just plain wrong descriptions or attributes. When you’re managing large amounts of SKUs in Excel or your e-Commerce platform, it can be overwhelming to establish and maintain a consistent standard.

Excel wasn’t built for e commerce logistics solutions. You aren’t going to have the robust tools you need to update your product data. You’ll only have your employees to  rely on to make mass updates and changes, which can easily lead to human error.

Most merchants end up publishing or listing products with missing and inconsistent information.

This isn’t a good experience for your customers who are demanding rich, accurate, and consistent product listings.

6. Centralizing Where Your Manage Your e-Commerce Catalog

Many e-Commerce merchants don’t have a centralized place where they can view and manage all of their product data.

They might have multiple spreadsheets floating around different departments of the company. Their e-Commerce products might live only in their e-Commerce platform, while brick-and-mortar product data lives in Excel or a POS system.

Without a designated place to centralize this data, merchants struggle to have a single-view of their product data. This leads to data quality problems and ease of listing the same products across multiple channels.

It’s a pain to search and update products across different places where it’s stored. It causes  a pretty big headache for merchants dealing with product information.

7. Merchandising

Customers today have high expectations for product information. They demand accurate, high-quality product information that gives them the detail they need about your product.

To meet this need, merchants have to spend a lot of time merchandising, or making their product data customer-ready. They have to enhance their products with multiple attributes, worry about re-pricing, and provide detailed descriptions.

This is challenge for retail solutions, especially if they are working with data from multiple sources like suppliers. They have to have a rigorous process for updating and enhancing product data to make it customer-ready.

[counfreedise18-blog]

Ecommerce Software Solutions - Looking To Sell Online? Look no further, Our Solutions helps you to create a sustainable online business. Over 200 brands have trusted us with their online business till date. We offer retail solutions such as warehouse inventory management system, multi channel fulfillment, Accounting and more.

[counfreedise18-blog]

Ecommerce Software Solutions - Looking To Sell Online? Look no further, Our Solutions helps you to create a sustainable online business. Over 200 brands have trusted us with their online business till date. We offer retail solutions such as warehouse inventory management system, multi channel fulfillment, Accounting and more.

[counfreedise18-blog]

Ecommerce Software Solutions - Looking To Sell Online? Look no further, Our Solutions helps you to create a sustainable online business. Over 200 brands have trusted us with their online business till date. We offer retail solutions such as warehouse inventory management system, multi channel fulfillment, Accounting and more.

[counfreedise18-blog]

Ecommerce Software Solutions - Looking To Sell Online? Look no further, Our Solutions helps you to create a sustainable online business. Over 200 brands have trusted us with their online business till date. We offer retail solutions such as warehouse inventory management system, multi channel fulfillment, Accounting and more.

[counfreedise18-blog]

Ecommerce Software Solutions - Looking To Sell Online? Look no further, Our Solutions helps you to create a sustainable online business. Over 200 brands have trusted us with their online business till date. We offer retail solutions such as warehouse inventory management system, multi channel fulfillment, Accounting and more.

[counfreedise18-blog]

Warehouse Management Software - With best in the class Inventory management system, Buymore gives you an access to near real-time inventory data, sales data, returns data with images, accounts quantity reconciliation and a dashboard with a graphical representation of all your sales parameters.