Any business that maintains and moves stock should place important significance on stock control. Prioritising stock control will yield improvements by way of increased warehouse and order fulfilment efficiency, visible stock value, accessible profit margins, improved...
Visual merchandising can often be an integral element of your brand and brand identity; without it, you may find it difficult to get a foothold in a competitive marketplace. As a consumer within a brick-and-mortar retail environment and begin window shopping, each...
Retail Product Placement: From the Movies to the Store Have you ever been watching a movie or television show and felt the sudden urge to eat some high-end ice cream or an ice-cold soft drink, perhaps of the diet variety? This can often be attributable to clever - or...
Many things in life are cyclical: the life of commercial products is no different. Everything, no matter how popular and innovative, has its time in the sun, then falls in relevancy. All companies understand that every released product has a life cycle until it...
Whether you run a brick and mortar retail store or eCommerce business, you will know that not all products are alike: some will fly off the shelves as soon as they arrive, others will collect dust. As a business owner, it is important to be concise and erudite to...
Though potentially confusing and muddled under industry jargon, understanding the functions and distinctions between Third and Fourth-Party Logistics supply chain services can enable your eCommerce business to take the next step. 3PL vs 4PL, which is best? Today, we...
Brand identity is important to consider whether you’re seeking to create a new business, or simply refreshing an existing one. Building a strong brand identity can often be a determining factor in the success or failure of a business, therefore it is highly advisable...
What is 3PL (Third-Party Logistics) & How Does It Work? Third-party logistics (3PL) have been growing in popularity in the UK over the last five years (2016-2021) with a steady annual increase of 7%. Globally, 3PL is a multi-billion dollar market which expected...
Got cash caught up in stock just sitting in your storage facilities? You might have a dead stock problem on your hands. However, you are not alone. It’s a problem that many businesses in the UK struggle with, so below, we’ll explore what deadstock is, what causes it...
Operation managers have to weigh the pros and cons of each decision and how it could affect the business. Opportunity cost is a key factor in the decision-making process, as it aims to leverage existing resources in the most efficient way possible by establishing...
