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The Hidden Costs of Holding Excess Inventory
Posted on 9th October 2023January 10, 2023 Overcoming Modern Inventory Management Challenges “One of the most effective ways to reduce overhead is by reducing inefficiencies across the supply chain, from inaccurate stock data to excess inventory”. What is the cost in holding too much inventory? Excess inventory increases your carrying costs There is a high cost associated with warehouse […]
Learn the 5 Expert Tips to Reduce eCommerce Returns Today!
Posted on 2nd October 2023“According to the IMRG’s 2020 benchmarking data, the average eCommerce business saw a 15% return rate.” Returns are an inevitable part of eCommerce, but they can be costly for retailers. The UK market has seen a surge in online shopping and the COVID-19 pandemic certainly accelerated the shift towards buying online. In 2020, online retail […]
Top Tips to Cut Costs in your Warehouse
Posted on 22nd September 2023Warehouse management is a critical aspect of the retail industry. The success of a retail business largely depends on how well its warehouse is managed. With effective warehouse management, retailers can optimise inventory levels, reduce costs, and improve customer satisfaction. In this article, we discuss some effective warehouse management techniques that retailers can adopt to […]
How Barcode Scanning can Streamline your Operations and Transform the way you Pick, Pack & Dispatch
Posted on 13th September 2023“To survive in these challenging times and meet new expectations, warehouses will have no choice but to embrace digitalisation and automation”. Warehouse & Logistic News – 13th Jan 2023 – Essential for survival – It’s time to embrace automation. Paper based warehouse processes suffer from human error, time lags and data entry errors. Common problems […]
The Paperless Warehouse: Remove Paper to cut costs, improve accuracy and enhance your eco-credentials.
Posted on 3rd April 2023There are many hidden costs associated with paper based systems used for stock control, sales order processing and fulfilment. Iain Coplans, founder of Stok.ly, discusses how retailers can benefit from moving to a paperless warehouse and adopt digital technologies to improve the accuracy and speed of daily tasks while enhancing your eco-credentials. Time spent repicking, […]
Succeeding in Multichannel Demand Planning and Purchasing
Posted on 4th February 2022As the retail landscape becomes more complex, how can retailers consistently identify and invest in stock winners? With customers purchasing across channels including but not limited to instore and online via websites, eCommerce marketplaces and social media platforms, Iain Coplans, founder of Stok.ly, discusses how retailers can stay on top of demand planning and purchasing, […]