What is abnormal demand? Abnormal demand is an unexpected level of customer interest that businesses might find difficult to handle. This demand may come from a new customer or from existing [...]
What is perpetual inventory? Perpetual inventory is a method of inventory management that records the sale or purchase of inventory immediately. Point-of-sale applications and ERP solutions track [...]
What is forward picking? Forward picking is a picking process where inventory is typically replenished from reserve or bulk storage. This method is used for both piece and case order picking. [...]
What is an RMA? A return merchandise authorization (RMA) is an authorization provided by a vendor that permits the return of a product. Most businesses have a return policy, and an RMA serves as [...]
This post was written by SalesPad partner FMT Consultants. We’re delighted to share their insights on why your Dynamics GP unit of measure schedule is so important. When configuring inventory [...]
What is non-stock inventory? Non-stock inventory refers to products that your business carries “in theory.” In other words, these are products that you don’t sell [...]
Distribution in the Time of Coronavirus It’s been stunning to see how quickly life in the United States has changed as a result of the coronavirus. We watched from afar for a time, but now [...]
What is an electronic product code (EPC)? Electronic product code (EPC) is a coding method that represents a virtual step up from UPC barcode systems. The EPC is a 96-bit tag that contains a [...]
What is target stock level? Target stock level is the amount of product you want on hand at any given moment. Also abbreviated as TSL, it’s that sweet spot in your inventory levels that [...]
What is reverse logistics? Reverse logistics is the particular area of logistics focused on the movement of products after they’ve been delivered to the customer. Product returns, refunds, [...]
