Business Tips
We’ve listed some handy tips and tricks to get started with DEAR for your business.
The 1 B2B Payment Problem You Need to Solve Today
B2B payment systems are slowly shifting from manual processes like checks into streamlined electronic processes like credit cards and PayPal. If you haven’t made the switch yet, it’s time to get onboard if you...
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Omnichannel Ecommerce Is the Future…Will You Benefit from It?
Omnichannel retail, also known as omnichannel ecommerce, is not only the future of business - it’s the cutting-edge of online retail today. If you’re not implementing it, you’re going to lose out to your...
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Reorder Point Formula: This Is What You Need to Avoid Stockouts
Do you know when you’ll need to order more inventory before selling out? Have you already experienced a few stockouts and don’t how to prevent them? Are you relying on your “instincts” to calculate your reorder...
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The Power of Safety Stock Inventory and How to Calculate It
What would happen if there was a sudden spike in market demand for your products? Would you have enough inventory to satisfy your customers? Or would you have to hang up the dreaded “out of stock” sign? If you’re...
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Periodic vs Perpetual Inventory: Here’s What You Need to Know
Every physical goods business has to make a choice between periodic vs perpetual inventory. Unfortunately, it’s hardly an easy choice to make. On the one hand, you have the manual, inexpensive, tried-and-true...
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How Consignment Inventory Works and How to Make It Work for You
Do you ever wish you could try out a new product in your retail store and not have to buy it unless you sell it? Or, wouldn’t it be nice to easily get your new product onto a retailer's shelves without much hassle...
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Just-In-Time Inventory: How to Reap Big Rewards with Lean Production
Just-in-time (JIT) inventory was developed in post-world war II Japan when the country had few resources, little money, and high unemployment. It helped Toyota become one of the dominant car manufacturers in the...
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Rate of Inventory Turnover: What It Is, What it Means, and How to Improve It
Your rate of inventory turnover is a key metric to understand if you want to optimize your cash flow, working capital, and inventory costs. By calculating your rate of inventory turnover, you’ll have a better...
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5 Ways to Increase Engagement and Boost Social Media Sales
Social media is like the cocktail party of ecommerce: ultimately, your job is to be the most entertaining and interesting host possible. Your friends and fans will enjoy hanging out and engaging in...
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What is Working Capital and Why Does it Matter?
Working Capital is an important financial metric for understanding your company's operating liquidity (the ability to convert your assets into cash for the purpose of paying the bills). Knowing your amount of...
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Amazon Seller Central vs Vendor Central: How to Choose
While the ecommerce landscape ebbs and flows there remains one constant we can’t escape (for now): Amazon is the single most important platform you can be selling through if you want to stay competitive and...
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10 Fundamental Steps of Every Successful Stocktaking Process
Performing a complete stocktake once or twice a year is absolutely essential for maintaining healthy inventory levels and minimizing losses in retail and wholesale businesses (not to mention keeping the...
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5 Proven Ways to Stop Shopping Cart Abandonment
Did you know 69{cb377218d5687e54e8ee9149518f87201a393a7c1db5e8076e9d750029ec0dc3} of online shoppers completely abandon their shopping carts before making a purchase? That’s what the research says according to...
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Inventory Reduction: Grow Your Bottom Line Through Better Operations
Large volumes of inventory don’t just lead to more management headaches - they can cut into your profits as well. Of course, you don’t want to have too little inventory and risk losing sales through stock...
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3PL Providers Can Make Your Business More Profitable
3rd party logistics or 3PL services are rapidly becoming a crucial asset to businesses who want to be more efficient and productive by focusing on their core competencies. A 2016 study revealed that...
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