What are stock keeping units (SKUs)? Stock keeping units (SKUs) are strings of letters and numbers used to identify products. They contain information such as manufacturer, product details, store [...]
What is poka-yoke? Poka-yoke is the term for “mistake-proofing” your business operations. The Japanese term comes from renowned manufacturing processes expert Shigeo Shingo, who is [...]
What is gross margin? Gross margin, also referred to as gross profit margin, is a percentage that represents your company’s overall profitability. It is calculated by subtracting your cost [...]
What is demand planning? Demand planning is a strategy for making sure that your business stocks the right number of products. By forecasting the demand for your inventory, you’re able to [...]
When it comes to running a business, cooperation is absolutely vital. There’s an infinite number of moving parts that go into ordering, picking, packing, and shipping a single order, involving [...]
What is a barcode? A barcode is a symbol made from a series of printed bars. These bars represent values, such as description and manufacturer. Barcodes can also be called UPC codes — UPC stands [...]
What are third-party logistics? Third-party logistics, or 3PL, is the term used for when supply chain logistics are managed on behalf of another business. How a 3PL service functions will vary [...]
What is workflow? Workflow is the defined path a transaction document (such as a sales order, a transfer, or an invoice) moves through until it is considered completed or fulfilled. This path [...]
What are accounts payable? Accounts payable is the value of goods and services acquired for which payments have not yet been made. It can also be referred to as the AP balance. It’s the money [...]
What is wave picking? Wave picking is an inventory picking and packing strategy. Instead of picking items on an order-by-order basis, teams of employees pick all of each individual inventory item [...]
Item entry is one of those tasks at a product-centric distribution company that carries a pretty wide range of stress levels for the employees saddled with it. If your business deals primarily [...]
What is distribution? Distribution, sometimes called product distribution, is the process of selling and delivering goods to customers. There are varying steps in this process, but it regularly [...]
Whether you’ve recently gone live with SalesPad Desktop or deep down you know you could be getting more out of the software, it seems like there’s always more functionality to learn. To help you [...]
