5 Ways to Win at Inventory Management

5 Ways to Win at Inventory Management

There’s a rule in business. Whoever manages to do the most work using the least amount of time using the least amount of resources is eventually going to win... 

A to B: 4 Keys to Transferring Inventory

A to B: 4 Keys to Transferring Inventory

Managing a multi-location business is no easy task. One of the hardest parts is transferring inventory between locations. Whether it’s across town or cross-country, knowing how to manage inventory transfers is key to keeping your numbers accurate...

Behind Enemy Lines: Assessing Your Competitive Landscape

Behind Enemy Lines: Assessing Your Competitive Landscape

It’s a common mistake. A young, ambitious entrepreneur will see a coffee shop open up on every corner of their city and think to themselves “I should open a coffee shop”. Hopefully, they have a seasoned adviser to ask them, “How do you plan to compete with all the other coffee shops?”...

4 Strategies for Competing with the Juggernauts

4 Strategies for Competing with the Juggernauts

Brick-and-Mortar is changing faster than most stores can handle. Competition from giants like Amazon and Ebay have been humbling even the most iconic brands. And yet, small and medium local businesses are still competing more vigorously than ever before...

3 Simple Strategies for Employee Accountability

3 Simple Strategies for Employee Accountability

It’s that time of year again! The days are getting shorter, the air is getting colder, and the in-laws are hunting for bargains on airfare. The holidays are upon us and that means it’s retail’s time to shine! - or at least brace. Here are a few stocking-stuffers to help you maintain firm control even during the busiest times...

Time As Money: 3 Simple Steps to Optimize Time

Time As Money: 3 Simple Steps to Optimize Time

Ever hear the saying, “Time is money”? It’s true, but people don’t often realize the extent to which it’s true. Of course, time is precious and irrecuperable and all that, but let’s focus on the financials. (This is a business blog, after all). The value of time is not fully measured by hourly rates or annual salaries. Time as money is far more valuable than most people think...

Why Managing Your Inventory Can Be Romantic

Why Managing Your Inventory Can Be Romantic

Ok, hear me out. I know counting shelves upon shelves of items isn’t super romantic. Even over here at Shopventory, as much as we love good inventory management, we don’t think it makes the world go round. But we do know that less time and money wrapped up in inventory means more time and money for other things ...

3 Ways Your Inventory Is Trying to Get Your Attention

3 Ways Your Inventory Is Trying to Get Your Attention

We all get distracted sometimes. It’s natural, especially in the hustle and bustle of retail. Letting the occasional distraction turn into a pattern is where problems start to arise. Fortunately, you can use your inventory as a barometer for your business and take concrete steps to make sure the occasional distraction doesn’t end up sinking the ship...

The Psychologist's 3 Tips for Pricing

The Psychologist's 3 Tips for Pricing

There is no part of inventory management that's more subject to mind games than pricing.  The way you set your prices dictates a lot about the consumer’s behavior— whether they realize it or not...

See (and Plan for) the Future with Inventory Management

See (and Plan for) the Future with Inventory Management

Ever wonder how we get weather forecasts? Or how people actually earn a living playing fantasy sports? It’s not magic, it’s math...

The Art of Inventory Optimization, Part 3: Life Optimized

The Art of Inventory Optimization, Part 3: Life Optimized

Any parent will tell you that doing a little bit of work as you go is a far better approach than letting things pile up...

The Art of Inventory Optimization, Part 2: Stock Levels

The Art of Inventory Optimization, Part 2: Stock Levels

“We’re out of stock.” Four words every customer hates to hear. And if customers hate to hear them, retailers downright loathe saying them. It means a lost sale and a disappointed customer, or (as your profit report will tell you) money lost now and money lost later...

The Art of Inventory Optimization, Part 1: A/B Testing

The Art of Inventory Optimization, Part 1: A/B Testing

Inventory optimization can be challenging at times. Even seasoned Purchasing Managers can struggle with deciding what products to order, but there’s a proven tactic that’s helping everyone from software designers to laundry detergent manufacturers. 

Training Day: 3 Key Insights to Employee Training

Training Day: 3 Key Insights to Employee Training

We’ve all been there, at the counter; watching helplessly as that poor cashier struggles and fumbles around with the system...

The Myths of Small Business Growth

The Myths of Small Business Growth

Here at Shopventory, we work with thousands of merchants all over the globe, so we figured it's about time to address the myths about small-business growth and offer some of our own insights into the best ways to grow.