What is average order value?
What is Average Order Value (AOV)? This is one of the fundamental AOV eCommerce metrics, and it essentially shows how much money, on average, a customer spends during any...
What is FIFO Inventory Method?
FIFO Inventory Method It is a very common method used in accounting for inventory costs. It assumes that the oldest inventory items are sold or consumed first. For perishable...
What is Warehouse Consolidation?
What is Warehouse Consolidation? Warehouse consolidation involves bringing together small shipments from different sources and turning them into one bigger and more efficient shipment. The process takes place in...
What is Distribution Management?
What is Distribution Management? Distribution management entails the strategic planning, implementation, and control of the movement of goods between the point of origin and that of the final consumer....
What is Inventory Replenishment?
What is Inventory Replenishment? Inventory replenishment refers to the act of replenishing products in order to ensure that stocks are available and that stock outs do not occur. It...
What is Physical Distribution?
What is Physical Distribution? Physical distribution is the action of handling the circulation of products starting at the source to the consumption. It involves the warehousing inventory, processing of...
