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Push vs Pull in Inventory Management

One of the longest standing debates in small business inventory management is whether to use a push or pull approach in replenishment planning. There are a lot of intricacies to both of these concepts, but we'll try to shed some light upon this issue. In a simplified...

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5 Essentials of Stock Replenishment

Replenishment managers play a crucial role in small business inventory management. It is the responsibility of a replenishment manager to determine which goods a company should have in stock, which of them should be available at any given time, and in what amount....

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How to Modernize Your Inventory Management

Traditional businesses that only have a brick and mortar are (almost) a thing of the past. Nowadays, most of the time people expect the company to have an online platform, if only to check what they are offering before visiting their physical location. As a business...

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The 6 Steps in Business Forecasting

Forecasting is sometimes an overlooked part of business management. Other aspects, like small business inventory management, are already so time-consuming that there is little energy left to dedicate to it. However, predicting future events can greatly help leaders...

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2 Challenges of Multichannel Retailing

In recent years, we have witnessed a shift in the way retailers are tackling the market. It would seem that sticking to the typical brick and mortar store doesn't cut it anymore. Customers are expecting more and more to see an online manifestation of their favorite...

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