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Effective Inventory Management Solutions
Posted on 27th May 2024Always Losing Sight of your Stock? Finding it hard to keep tabs on your inventory? Businesses that use manual processes, such as paper-based systems or spreadsheets, face this problem every day. When products get lost in the warehouse, it costs you time and money. Here’s how to keep an eye on it… The solution is […]
Is Your Inventory Management On Cruise Control?
Posted on 19th May 2024Are you constantly losing sight of your stock? Do you need real-time stock visibility across all locations and channels? If so, it’s time to switch into sports mode! Stop coasting and start actively managing your inventory to save time and costs! The efficiency of your warehouse management depends on how well it handles sales order […]
Return to Sender: Reduce Returns and Maximise Profits
Posted on 15th May 2024Returns Cost You Money! Do you know how much returns cost your company each year? Businesses face the challenge of managing customer returns, which significantly impact profits. But what exactly drives these returns and how can you minimise them to enhance your business financially? Understanding the Cost of Returns A study by Optoro, a logistics […]
Does Your Tech Stack Influence Your Ability To Make Data Driven Decisions In Your Business?
Posted on 13th May 2024The first question we need to ask is, what kind of decision making are we talking about? Is it day to day Operational Decisions such as purchasing and demand planning, understanding and segmenting customers on behaviour or buying history, reviewing suppliers, sales, channels, best sellers/slow movers, employee performance or profit margins to name but a […]
5 Top Tips to Reduce eCommerce Returns
Posted on 12th May 2024The cost of returns to retailers globally is substantial, costing nearly $550 billion a year, not including restocking expenses or inventory losses (National Retail Federation, 2021). Returns are an inevitable part of eCommerce, but they are costly for your business. The UK market has seen a surge in online shopping and the COVID-19 pandemic certainly […]
Simplifying International Trade with Stok.ly’s Comprehensive Customs Documents
Posted on 5th May 2024The number of trade regulations has increased by over 30% in the past five years, complicating the compliance landscape for international traders” (International Trade Administration, 2023). The above highlights how complicated it can be just to export your goods when trading overseas. Managing the dispatch process and its associated customs documentation efficiently is essential for […]