One of the most important aspects of businesses is pricing a product or service. Many managers or business owners do not realize that pricing can be a major driver of growth and profitability, which is ultimately what matters in a business. In this article, we will do a deep dive
Who Is Sam Altman? Sam Altman is the founder and CEO of OpenAI, the company behind ChatGPT, an AI chatbot that produces human-like responses to queries. He founded the company in 2015 with Elon Musk and others to develop a large language model (LLM) that could evolve into AGI (Artificial
Retailers are shifting back to “just-in-time” (JIT) inventory management strategies after moving away from them to "just-in-case" strategies during the recent years of pandemic disruptions and unstable supply chains, as the Wall Street Journal reported recently. JIT involves keeping inventory levels as lean as possible to minimize holding
Oil is the pulsing vein of supply chains — when crude prices spike, your costs convulse. As transportation fuel, manufacturing feedstock, and agriculture input, this global commodity intertwines with your budget. Sudden dips and surges in the oil market translate into wild swings in expenses. Shipments, production, inventory — all shaken by
Artificial intelligence (AI) has often been hyped as having the potential to automate away human jobs. With advancements in computer vision AI that can "see" and generative AI that can write and design, concerns have grown about AI making large segments of the workforce obsolete. However, a recent
Hi, we're BoxHero, making business better with inventory management solutions. We're launching an affiliate program to share our success with you. Spread the word about BoxHero and earn 50% commission on sales! What is BoxHero Affiliate Program? BoxHero provides an easy and simple inventory management solution
Empty shelves and delayed deliveries have become all too familiar in recent years. The pandemic, geopolitical tensions, and climate disruptions have exposed the Achilles’ heel of globalized supply chains: their vulnerability to shocks. This is underlined by a recent analysis from S&P Global Market Intelligence’s Head of
Now you can integrate Slack, a workplace messaging tool, with BoxHero, a convenient inventory management solution! We invite you to discover the world of more efficient inventory management with Slack.👏 💡If you want to receive BoxHero notifications from an app outside of Slack, you can integrate with Zapier! Learn how
On the surface, last year's record electric vehicle (EV) sales crossing one million units seems like sunny news for automakers heavily invested in an electrified future. However, inventory stockpiles of new EVs gathering dust at dealerships across America cloud that optimism. This growing gap between manufacturing capacity and
Dear BoxHero users, BoxHero team has released integration functionality with Slack, a global business messaging tool, to enhance your work efficiency. Through the Slack integration feature, you can now instantly view the stock in/stock out events created in BoxHero directly on Slack. Now, by integrating BoxHero with Slack, try
Nike recently downgraded its growth expectations, projecting sales to rise only ~1% this fiscal year along with cost-cutting initiatives underway. Given Nike's industry bellwether status, this signals cooling demand could spread across apparel, ushering in a growth moderation period after over a decade of expansion. For apparel businesses,
Materials management is a foundational pillar for seamless production. MRP is a system that emerged to manage materials efficiently, planning how much and when materials are needed for production. Let's take a closer look at the concept and benefits of MRP, and see how it can help companies
“A stitch in time saves nine” is an old English proverb that summarizes the evergreen life lesson about the value of taking proactive steps to solve small problems before they become bigger. One stitch now, the saying implies, can prevent the need for nine later. The same logic applies to
Tips and Tools for Balancing Inventory Management In August 2023, Under Armour reported a substantial 38% increase in its inventory levels, and profit levels took a hit. Too many leftover undies, in short (or, shall we say, shorts?), undercut their underwear profit. This spike in stock shook its stock, knocking
Adding Efficiency and Resilience in Industrial Processes and Inventory Management Everyone can benefit from a healthy diet, slimming down to the essentials, and cutting out excesses while keeping trim and staying strong. What’s good for your body is true for manufacturing operations too. Rooted in Toyota’s revolutionary auto
John Doe, who owns a cosmetics business, is facing various challenges in managing his inventory. Let's listen to his problems together and use BoxHero's attributes feature to solve his inventory worries. 💡BoxHero's item attributes act as a kind of label that separates products based
Tools and Techniques for Crafting a Credible Financial Narrative The term 'audit' is derived from the Latin audire, meaning 'to hear,' reflecting a time when accounts were announced out loud. Today, inventory audits tend to be a bit quieter. Still, they silently ensure stock quantities align
Enhancing Your Operational Efficiency with Effective Stock Control Efficient inventory management is the unsung hero of small business success. It’s a bit like the heroic character of Forrest Gump—overlooked and underestimated, yet somehow managing to be in the right place at the right time. Like Forrest’s knack
No matter what industry you're in, working with suppliers is essential to running your business. For example, manufacturers need raw materials and equipment, construction companies need building supplies and materials, and restaurants need food, kitchen equipment, and other supplies. Many companies can't run their business alone,
Today, we often see them in our daily lives – small square-shaped cells arranged in a grid pattern. They can be transformed into a variety of designs and are often used in numerous business settings, such as manufacturing, logistics, distribution, and marketing, as well as for personal use. They are QR
Gross profit (GP) is a critical financial metric that reflects the difference between revenue and the cost of goods sold (COGS). This key indicator can help you steer the strategic course of a company's operations. Understanding the nuances that distinguish GP from other metrics, such as net and
In the dynamic world of inventory management, the ability to measure, assess, and optimize your stock situation based on Key Performance Indicators (KPIs) is essential for the health and success of a business. By focusing on the most impactful stats, managers and business owners can ensure that their operations are
BoxHero provides a platform that allows you to manage your inventory anytime, anywhere, across PCs, tablets, and smartphones. The BoxHero mobile app, specifically made for tablets and smartphones, is a great tool to help you manage your inventory from anywhere. Let's take a look at the UX/UI
In construction, each beam, bracket, and board counts. Time is money, and inventory missteps can derail both. This high-stakes world demands precision in the complex dance of logistics. To thrive, construction businesses must not just manage, but master the intricacies of inventory. Success is measured by the seamless flow of
Consumers are sometimes disappointed with a brand before they even receive their order, and that's because of slow shipping. Many consumers choose a brand based on shipping speed alone, not product quality, price, customer service, or anything else. To get products to customers faster, companies are looking to
Embrace efficiency, accuracy, and agility in construction inventory management with BoxHero’s innovative mobile solution, designed to meet the challenges of dynamic job sites. In the hectic, fast-paced, and exacting world of construction, efficiency and accuracy are key. Traditional inventory management methods can’t keep up with the dynamic needs
Storing inventory efficiently is one of the key challenges of inventory management, and many companies use the principle of first-in, first-out (FIFO) principle to do so. FIFO is considered to be the ideal way to store inventory. This concept applies not only to inventory management, but also to the accounting
Mastering SKUs is the key to communicating with your inventory so that it can work for you. Especially in the complex world of construction inventory management, SKUs, Stock Keeping Units, are the fundamental building blocks of your operation. Each SKU, a unique code assigned to items, speaks volumes, detailing the
In order to sustain growth in a fast-paced environment, manufacturers need to ensure quality and efficiency above all else. Lean manufacturing is a leading innovation strategy that minimizes waste and thus increases the efficiency of production processes. Anything that doesn't add value to the customer is considered waste.
Thinking about running an online store? If you've never run a store before, you might be wondering how you're going to get the products on your shelves, let alone sell them off the shelves. There are three main ways to sell your products: private label, consignment,
Yield management is paramount for companies looking to maximize growth and productivity in today’s hyper-competitive business landscape. It requires a comprehensive approach integrating data analytics, technology, and a deep understanding of consumer behaviors to increase revenue and improve operational efficiency. This article explores yield management to help businesses supercharge
In today's swift business landscape, efficiency and organization are crucial. SKU codes, integral to modern inventory management, allow companies to systematically track products and optimize operations. When combined with a 24/7 cloud-based inventory management system, businesses gain unmatched flexibility and scalability, ensuring readiness for market shifts and
Efficient inventory management is crucial for your company's success. Serving as the heartbeat of operations, it ensures the right products are available at the right moment and in the right quantities. However, many businesses overlook the importance of inventory management, and as per Zippia, 43% of small businesses
Getting the estimates of future sales is a prerequisite to optimizing your inventory management processes. In the ever-evolving business landscape, the importance of demand forecasting cannot be overstated. It’s a crucial element that employs predictive analytics to recognize what customers will want in the future for a product or
An efficient supply chain can do wonders for the growth of your business. In fact, a survey found that 79% of businesses with strong supply chains gained a higher-than-average revenue. So, what can you do to make your supply chain more efficient? Well, cross-docking is a well-tested strategy that has
Did an unexpected breakage or theft cause your physical inventory quantity to differ from your computerized inventory quantity? Or did a new employee accidentally record the wrong inventory information, resulting in an error in your inventory history? In these cases, BoxHero makes it easy to correct your inventory history by
The e-commerce sector is evolving, faster than ever, driven by technological advancements, now by AI, and ever-changing consumer behaviors across an ever-increasing number of touch points and sales points. To navigate this omnichannel commerce world, businesses need to adopt a multifaceted strategy, not just customer-facing but also deeper back-end issues
A well-managed inventory plays a pivotal role in efficient business operations. If you aren’t careful, you may find yourself facing stockouts with no buffer stock or reserve inventory as a backup. These events are pretty common when you aren’t clear about terms and concepts related to different inventory
The world of wholesale distribution is dynamic and highly competitive, and managing inventory efficiently can be your key to success. While large enterprises often employ cutting-edge inventory management technology, it's a different story for small businesses. Most small businesses still employ traditional manual systems for inventory management. However,
Walmart sells a wide variety of groceries, everyday household items, and more! How does a company as large as Walmart, with so many items to sell, practice inventory management? In the third installment of our "Learning inventory management from retail brands" series, we look at the inventory management
In the fast-paced and ever-evolving world of omnichannel retail, inventory management has long been a perplexing puzzle for commerce professionals. The rapid rise of retailing across multiple sales channels, online and off, has forced inventory management to transform itself. Fortunately, software vendors have kept pace. Let's look at
Lack of proper planning and tracking of inventories can result in uncertainties and potential losses. Businesses face multiple challenges associated with inventory checks and management. Supply chain disruptions, shifting consumer preferences, and volatile market conditions are some of the hurdles that can wreak havoc on your inventory management plans. Fortunately,
BoxHero, a simplified inventory management solution, has released an integration with Zapier, a task automation tool. You can now receive notifications from external apps such as Slack or Gmail about stock in and out shipments recorded in BoxHero. The integration with Zapier works through a public API that queries data
Seasonal demand is a valuable opportunity for businesses to increase revenue. However, failing to respond to seasonal demand can lead to a crisis that results in lower profits and unhappy customers, not to mention lower sales. What strategies should companies employ to respond to seasonal demand effectively? What is Seasonal
When selecting an inventory management app, the most crucial factor is to find a tool that aligns with your organization's goals and needs. While inventory management apps might seem similar at first glance, a closer look reveals that they have slightly different features. In this fourth installment of
Amazon, a global e-commerce giant, is creating a new paradigm for future retail experiences and inventory management based on various technologies.
A Thank You for Your Support We're thrilled to have you as part of the BoxHero community! Your ongoing support and the trust you place in our inventory management system is invaluable to us. As a small token of our appreciation, we're delighted to announce our
Using barcodes is a simple yet powerful way to improve the efficiency and accuracy of inventory management. Companies in any industry that hold inventory usually actively utilize barcodes. Especially in industries like retail, manufacturing, and pharmaceuticals, where inventory management is crucial, barcodes are considered essential tools. On July 27th, BoxHero
An inventory audit is a comprehensive review and verification of a company's physical inventory against its recorded financial records. This process ensures accuracy, identifies discrepancies, and helps maintain an accurate account of available assets. It is one of the essential steps that cannot be left out when preparing
Inventory management might not sound like the most exciting aspect of business operations, but it undoubtedly stands as one of the most crucial. Whether you're a retail giant with multiple outlets or a small online startup, understanding the basics of inventory management can be the difference between profit
In business, data management is the key to operational success. Many business leaders attribute their achievements to streamlined data management practices. The growing trend of integrating business processes via ERP systems further underscores this emphasis on efficiency. Notably, even small and medium-sized businesses (SMBs) are increasingly starting to implement ERPs.
Third-Party Logistics (3PL) refers to a process where a third party takes on the responsibilities of logistics and distribution. Companies that produce and sell goods often contemplate the implementation of 3PL. Let's explore in more detail what 3PL is, including its unique features and its relationship with inventory
The career paths that lead to an 'inventory manager' all seem to be different. There may be those who majored in a totally unrelated field but ended up handling inventory, and there might be those who primarily work in administrative support and have to manage office supplies or
Effective inventory management becomes essential as the size of a company grows. How are well-known retail brands practicing inventory management? Let’s explore inventory management best practices used by the brands that have demonstrated exceptional expertise in this area. The first retail brand to be introduced is Zara, a fashion
'A necessary evil' refers to something that is inherently harmful, yet unavoidable. From a management perspective, inventory is often considered a necessary evil. Reducing and eliminating it as much as possible can improve business performance, but inevitably, some amount of products must be stored in warehouses for sales.
Incessantly accumulating inventory is a pain in the neck, interfering with smooth business operations. However, what if this inventory could be shared? The trend of inventory sharing, where companies form cooperative relationships and share inventory, has emerged as a new trend in the commerce industry. What is this 'inventory
If you are a business selling goods, regardless of your size, you must strive for efficient inventory management. Among many options, what would be the best inventory management app for our business? Following the first part, we will compare the features of inFlow Inventory and BoxHero, beloved inventory management solutions
Following the comparison with Sortly, in this second part of our inventory management app comparison, we'll be looking at the features of Zoho Inventory, an inventory management solution provided by cloud-based business software provider Zoho, and BoxHero! Check out the inventory management capabilities of both solutions and choose
Amidst fierce competition in the marketplace, many e-commerce companies employ various differentiation strategies to surpass their competitors and secure consumer preferences. One such strategy is implementing a hassle-free return policy. Unfortunately, frequent consumer returns often pose challenges to achieving positive business outcomes. How can companies effectively manage returns to maintain
In business, various risks exist. Risk refers to the potential for losses or damages that can negatively impact a company's business. Since risks can occur anytime and anywhere, it can be challenging to deal with them. However, it is essential not to overlook the importance of risk management.
In today's market, there is a growing trend among individuals who prioritize brands that align with their personal preferences rather than following the mainstream. These individuals are willing to invest in their hobbies without being overly concerned about costs. This is the essence of the "Me-conomy"
Our inventory links have been enhanced to better meet your specific business requirements! Thanks to valuable customer feedback, we've included two additional customization options for setting up inventory links. 💡If you are new to the Inventory Link feature, please refer to the following articles: • "Share the Inventory
BGPWorks' CEO, Hee Hong Moon, appeared on one of the major Korean radio stations, MBC's "Lee Jin-woo's Easy-to-Grasp Economy," in early this year (Jan 04). "Lee Jin-woo's Economy" is an MBC radio show where experts in various fields, including
Attach files while generating documents for inventory transactions.
In recent years, businesses have encountered difficulties in managing their inventory. Various factors, ranging from supply chain uncertainties to substantial inflation and changes in consumer behavior due to the pandemic, have had a significant impact on companies' inventory levels. What is the relationship between supply chain uncertainties, inflation, and
AI's popularity, sparked initially in part by 'AlphaGo', continues to sweep the industry with the emergence of ChatGPT. This generative AI, recognized for its limitless potential, is gaining popularity across various business domains. Moreover, AI technologies, constantly advancing, are actively being applied in diverse business areas.
Are you looking for an efficient inventory management solution? Sortly and Boxhero are top inventory management apps sought after by companies seeking easy and convenient solutions. Effective inventory management is crucial for businesses of all sizes, including large enterprises, SMBs, retailers, and individuals. It's important to choose a
Are you familiar with "Just-in-Time" (JIT)? This term signifies the concept of timely execution and extends beyond everyday use to encompass production processes and inventory management techniques. JIT, an abbreviation for Just-in-Time or Just-in-Sequence, highlights these precise production methods. What is Just-In-Time Approach? "JIT pertains to product
What is SKU (Stock Keeping Unit)? SKU (Stock Keeping Unit) is a commonly used term in logistics and inventory management that refers to the unit designation when individual inventory items are displayed on shelves, assuming unit control. 💡It is the unique identification code used to facilitate easy tracking for inventory
As your business grows, the need for efficient management of company resources increases. Companies recognize the importance of business operations management and contemplate the implementation of an ERP system to streamline asset management. However, is managing the business through an ERP system truly the sole solution for a better business?
Post-COVID era, ‘value retail’, provides value to customers by offering competitive pricing and opportunities to save money. Value retail encompasses various types of retail establishments including clearance businesses, discount stores, outlet malls, online discount retails, thrift shops, consignment stores, and online marketplace for used goods. We will explore how businesses
Promoting transparency in the workplace is essential for improving efficiency, and this principle holds true for inventory management as well. By implementing a system that allows for transparent sharing of inventory information between trading partners or departments, you can greatly enhance the efficiency of your inventory management processes. The recently
Did you ever wear an LED wristband at a concert? Those LED wristbands precisely track the rhythm of the music and change the color of their lights accordingly to create the perfect vibe. If you have ever been to Manhattan or Boston, you would have likely used a MetroCard or
BoxHero is pleased to introduce our new feature, Inventory Link. With this feature, you can securely share your inventory information in real time with others such as your clients. The Inventory Link feature provides the following benefits: 1. Inventory Info Sharing: You can share real-time inventory status with external users
Although the major public health scare of the pandemic has subsided in societies worldwide, the aftermath of COVID-19 is continuing to wreak havoc in unexpected sectors of the economy. The retail industry, in particular, has been hit hard, prompting many wholesalers and retailers to rethink their inventory management strategies in
Have you ever struggled with managing inventory that's stored in multiple locations, distinguishing between new and returned products, or properly tracking items that have been moved from the warehouse to the office? If so, consider implementing a location-based inventory management system to address these concerns mentioned above. Companies
As a business owner or inventory management professional, you may have encountered the term "Omni-Channel strategy" or "Omni-Channel distribution." This strategy is widely adopted by retail companies to meet consumer expectations for seamless and convenient shopping experiences. Effective real-time inventory management is essential for successful Omni-Channel
There is a discrepancy between the inventory recorded in the system and the actual inventory held in the warehouse. Company A discovered this through inventory counts, which is the process of verifying the accuracy of the quantity of physical inventory against the system-recorded inventory. It involves physically counting the items
What do you need to manage inventory? For starters, you need items, warehouses, and people. Something else that is essential that may be overlooked is barcodes. Barcodes are essential for fast inventory tracking, efficient sorting, and organizing of items. While it is possible to manage inventory without barcodes, no one
The theory of Product Life Cycle (PLC) states that every product has a life cycle, starting with an introduction, development, growth, maturity, and decline. This blog explores what each stage of PLC entails and inventory management tips for each stage of product life.
Establishing optimal inventory levels is crucial for companies to achieve operational excellence and profitability. The companies need to forecast demand and find the appropriate reorder point for their inventory. This blog presents two effective methods of demand forecasting to optimize inventory.
In today's online business landscape, selling on multiple channels is key to increasing sales. BoxHero offers guidance on online sales channels: open, closed, hybrid, and vertical markets. The sellers should manage unit pricing per channel, keeping in mind that each has different sales commissions.
Master ABC Inventory Analysis. Categorize products into A, B, and C classes and apply effective inventory management strategies for each. Use BoxHero to identify best-sellers and avoid stockouts. Get weekly reports to make informed decisions. Simplify inventory management with BoxHero today!
Boxhero participated in the Smart Retail Tech Expo in London, UK. The event provided an opportunity for Boxhero to network with industry professionals, showcase its inventory management solution, and receive valuable feedback.
This blog post emphasizes the importance of Minimum Order Quantity (MOQ) and how it can affect the pricing and inventory levels of products. Understanding MOQ is crucial when placing orders to avoid excess inventory or high purchase prices.
In our previous series on how to “Master Confusing Inventory Management Lingo” (Part 1), we introduced some of the most commonly used yet misunderstood inventory management terminologies such as Safety Stock, Reserve Stock, and Inventory Maintenance Cost. If you find yourself asking, “How can I put better inventory management into
Accurate definition of keywords that inventory managers must know Are you new to inventory management? Do you ever feel lost when it comes to managing your inventory? Having a solid foundation of the basic terminology should make it much easier to understand the concept of inventory management. We’ll introduce
Our Label Generating & Printing features are a favorite among our customers, and we're excited to introduce updates that will enhance the barcodes and QR codes to better serve your business needs. • To make editing the barcode template easier, we've added a highlight to the edited
It is not an understatement to say that product warehouse management lies at the heart of an efficient business model. While it may seem obvious, it is essential to manage your inventory for seamless operation. Hospitals, shopping malls, and fitness clubs are just a few of many businesses that directly
The term “cost management” in inventory management signifies efforts to minimize the total cost involved in managing inventory without jeopardizing the supply chain. Many companies are facing theoretical challenges in reducing the total cost in inventory management when determining optimal production or order quantity. First, let’s explore the types
As the new year starts, people's social media are flooded with the classic January tagline "new year, new me", overlaid with pictures of healthy meals, exercise, or a clean house. Whether or not there's something magical about January, it's probably not a
E-commerce is the fastest-growing retail sector. Global retail sales will continue to grow and take up more retail market share. According to research completed by eMarketer and Statista, online retail sales will reach $6.51 trillion by 2023, with e-commerce websites taking up 22.3% of total retail sales. Online
Introducing BoxHero: Your Ultimate Solution for Barcode Generation and Label Designing When shopping, cashiers scan barcodes to streamline checkout. Barcodes are comprised of black vertical lines and spaces, which are decoded into characters upon scanning. A pre-existing association between the barcode and the corresponding product must be established for the
Now, when you have to register new products in bulk, you can add them together with their initial quantities! So, your initial setup can be done within few clicks! Not only that! You can now bulk add a spreasheet with products that have barcodes together with products that need to
With a growing business, you’ll notice that it’s hard to keep stock organized as you will have hundreds of different items in the warehouse. Assigning SKUs to the products you handle is a way to easily keep the inventory under control and this saves you time and effort
Managing inventories can be costly. With rising warehouse fees, supply chain constraints, and labor, not to mention the expensive inventory management software you are using, the current business environment makes inventory management even more costly and challenging than ever before. If your business is struggling over inventory-related issues and keeps
1. What is the inventory turnover ratio? The inventory turnover ratio means the frequency of conversion of inventory into sales in a given period. In other words, it refers to the ratio of inventory volume to shipment volume of goods over a period of time. In particular, inventory volume here
Here is an interview with the team leader, Sujin Oh, who is in charge of the overall process from product contact to distribution at Sunlin Co., Ltd. Her company has been a loyal user of BoxHero for a long time! Q. Please introduce yourself. Hello, my name is Sujin Oh
We’ve all been there before. If you’ve ever used Excel to manage inventory manually, I bet you found yourself being limited by its features. Excel is one of the many affordable and accessible options for controlling inventory, however, as it is not designed specifically for inventory management, it
For those who need to manage the inventory with your colleagues, the improvements we have made will be a great news. Now you can set the permissions and invite your teammates either via link or via email. Every thing at once! Here is how it works. Invite 1. Go Settings
Managing pharmaceutical inventory in a pharmacy, clinic, or physician’s office can be very challenging to implement. There are lots of regulated substances, generic drugs without barcode labels, as well as different types of medical devices and supplements people purchase on a daily basis. Pharmaceutical inventory control is particularly vulnerable
The inventory turnover ratio is one of the most telling indicators of how successful your business will run in the future. Having a clear understanding of the inventory turnover ratio is the key to running a successful business. The inventory turnover ratio is an indicator that shows how efficiently a
Many of our users wanted to be able to download customized history data. And here it is! You can now download all your transactions (stock in, out, adjust, relocate) with just a click. Just set the period you want to check, sort out the transactions with the filter, and click
Every company provides equipment to new hires. If your company is relatively small, there is not so much need for managing the items. The problem, however, starts when your team is growing and both the number and the variety of the assets get bigger and bigger. Wondering how we managed
Imports and Exports are very important for a business. For example, you may need to stock assets for a company's operations or manage inventory for public use. There may even be cases where you might have to manage places such as hospitals, nursing homes, and fitness centers. There
Here's an interview with General Manager Deokyong Kim, who is in charge of inventory management of all the parts needed for repair by the Guardians Aviation Maintenance Team! Guardians Aviation is an aviation business company, specializing in pilot training services for the aviation industry. It operates multiple locations
From small clinics like dentistry and ophthalmology to general hospitals with a large number of beds, BoxHero is a go-to tool for efficient inventory management. There are a number of administrative staffs across different departments in large hospitals. Thus, effective inventory management requires a fast but efficient communication tool between
Here's an interview with Jaehwan Ahn, who is in charge of inventory management at Berti, a leading clothing brand that operates both online and offline stores! "Before BoxHero, Inventory control was a frustrating job." Q. How did you manage inventory before using BoxHero? Before I joined
📢 Today, let’s learn about the BoxHero features added to Location Mode. Hello, I'm BoxHero.🙋♀️ We released Purchase & Sales features for the PC-web version of Location Mode. Previously only found in Basic Mode, there are many Location Mode users who have been waiting for buying and selling
Do you need an Integrated method for managing inventory in multiple locations? Use BoxHero's ‘Location Mode’ to easily manage products, quantity, and their location! If you are a growing company that needs to manage inventory for multiple locations, you can solve those inventory management issues with BoxHero. What
In South Korea, TôiTỏi is a popularly known restaurant to patrons who seek to satisfy their Vietnamese food cravings. Originally founded in the Itaewon district of Seoul, TôiTỏi now manages branches in many neighborhoods and department stores all over the country. Roughly translated as ‘I Garlic’ (Tôi is I, Tỏi
📢 Today, let’s learn about the improved BoxHero features for user convenience. Hello! This is Hailey from BoxHero. Currently, the BoxHero team is busy due to the official release of Purchase & Sales and preparation for Integration. However, in the meantime, we are working on improving features big and small
Everyone has different methods to categorize items. By size, color, material, or weight, etc. there are a variety of ways you can organize your products to match your workflow. 📈 At BoxHero, we want to help make finding, sorting, and stocking items as easy as possible. Category Feature gives you the
If you have a barcode scanner, you probably need a barcode label printer right? Let us take a look at what's available out there and choose the one that fits your needs. Before we discuss what's best, we need to address the different types of label
📢 You can upload Excel in Purchase & Sales, and Member & Role has been updated with new roles. Hello! This is Hailey from BoxHero. Many users have been waiting for an update to these new features in our Purchase & Sales. I'll explain to you in detail below
The concept of Safety Stock may be easy to understand, but difficult to successfully apply 😖. For those who are looking to avoid stock out situations, here are some techniques and examples that will be helpful. 💡What is safety stock? Safety stock is additional inventory to hedge against unforeseen demand spikes.
📢 You can receive a notification of Low Stock Reminder when the inventory quantity reaches 0. Hello! This is Hailey from BoxHero. Currently, in the Low Stock Reminder menu, users can set the minimum quantity for each product at 1, so users who had set notifications when inventory hits 0 have
Today’s interview highlight is with Focus Labs, a microbiology laboratory that conducts contract testing on everything except food. From creams and makeup to paintballs and even medical devices used in surgeries, Focus Labs conducts testing to make sure all materials follow regulatory compliance and are safe for use. With
📢 You can select duplicate values for each filter in History. Hello! This is Hailey from BoxHero. In the previous History menu, you could only select one filter value for the member, type, and partner. You can choose each filter value in duplicate through this update to see the desired transaction
This is the last post of our barcode series blog posts. Prior to this post we discussed the ups and downs of using a barcode scanner and what to look for in the barcode scanner. This time, our post will talk about the four barcode scanners that we tested and
If the previous article did not scare you off from adopting barcode scanners, then hopefully this next post will be useful. Many of our customers have asked us how they should decide on a barcode scanner and to recommend some to them. However, everyone has different needs and restrictions. We
Inventory management solutions utilize an array of tools and features for users to seamlessly integrate into their own systems. Since 1973, one piece of tech that everyone has most likely seen and possibly used is the barcode scanner. With the technology being decades old, scanning barcodes has become much easier
KPIs (Key Performance Indicators) are a great way to assign importance to departmental tasks that matter to company-wide performance. Various KPIs outline a company's efficiency and the management status of business functions. From logistics to finance, operations, sales, and inventory management, statistics for a specific KPI will provide
How do you run a successful business? Some may say through excellent marketing, competitive sales team, or even great lighting in your store. Among the various business tactics, there is one factor that can unexpectedly hinder your performance. That detrimental factor is dead stock. Retailers have many challenges when it
Every business needs to regularly keep track of tools and equipment since it allows you to increase profits and reduce the risk of loss. Creating a proper management plan helps you handle assets efficiently and effectively, especially when there are many disorganized assets, businesses may tend to lose track of
Why Use Barcodes? Why do store cashiers scan barcodes? When looking at it from a business standpoint, the reason is 'efficiency.' Employees need to process transactions quickly and items tend to pile up at the checkout counter. Attaching a barcode to a product saves workers' time from
Effective inventory management is a critical aspect for success in a business. That is why numerous inventory tactics exist to help you become better at inventorying. In this article, let us learn about four key methods of inventory management that can be applied to most businesses! First, what is '
Q. Why is inventory management important? A. Because every item in your inventory is MONEY. 💰 “Inventory is money sitting around in another form” -Rhonda Adams, USA today Inventory management and operations are always at risk due to unpredictable variables. So, is there any way to avoid that risk? Today'
A well-known charity in Montreal, Canada called Rescue All Dogs (RAD), sat down with us for an interview to talk about their experience with BoxHero. RAD’s representatives Karen and Elisa, talked with us via Google Meets as we discussed all kinds of topics ranging from their inventory needs to
In the early years, our company encountered difficulties with tracking business assets as it required a lot of effort to locate them. We knew that the only solution for this problem was to manage them properly to protect our business’s profit. However, our company decided not to proceed with
The E-commerce market has grown to a significant size in the last couple decades. Along with Amazon as the largest overall E-commerce platform, the appearance of many different market niches ( i.e. Etsy's handmade goods portal, eBay's auction house, and others like Shopify or BigCommerce) increased
Online businesses these days are convenient, popular, and easy to use for both consumers and sellers, and is one of the reasons why anyone can start an online store easily. However, it is also a challenging business to succeed in, especially when there are so many competitors. Nevertheless, even in
Inventory management helps businesses of all sizes keep track of the number of products they have. Ensure there is always enough stock to satisfy customer orders, proper warning of running low stock, and restock items to keep selling in order to maintain and handle your inventory properly. In this post,
Are you looking for a better way to manage your inventory? Whether you are new to inventory management or want to know if there is a better way to optimize your inventory, you are in the right place. Today's topic is inventory management optimization. But first, let us