Product sourcing lays the foundation for a successful business and has a significant impact on its success. Nowadays, there are a lot of ways to source products. But which one should you choose for your business? Well, that’s a little hard to decide. To help…
admin
14 Min Read
The wholesale industry is constantly evolving as technological advancements have enabled wholesalers to digitize their business. With digitization, buying wholesale goods has become easier than ever. How? Through online wholesale shopping sites of course. Almost every major wholesale business has established a strong online presence…
admin
10 Min Read
Pandemic and Covid were the biggest buzzwords back in 2020 and 2021. Several businesses shut down, and the retail industry went through seismic changes. Understanding these changes will help you discover where the industry is headed and how consumers evolve. This article will cover some…
admin
11 Min Read
As the world tries to recover from the pandemic, it is now more important than ever for wholesale businesses to go online. Even before COVID-19, the industry was undergoing a huge digital revolution. As every other B2C seller was moving online, B2B sellers also needed to…
admin
3 Min Read
What are automated inventory systems? An automated inventory management system can add, update, delete, and transfer stock in real-time. Inventory is something that changes daily in the business. This is true especially for wholesale businesses as inventory changes in bulk quantities. Automated inventory systems help…
admin
2 Min Read
What is an inventory cost? The cost incurred due to acquisition of inventory is known as inventory cost. Technically, inventory cost is associated with procurement, management, and storage of stock. Elements of Inventory Costs Inventory cost is classified into three major elements. These elements are…
admin
3 Min Read
What is Manufacturing Overhead? The total costs involved in product manufacturing is called manufacturing overhead. We can also consider it as the cost incurred during a firm’s manufacturing operations. Manufacturing overhead is also known as factory burden, factory overhead, and production overhead. It is different…