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DOUBLE ENTRY ACCOUNTING & INVENTORY MANAGEMENT: A GUIDE It’s imperative to reign in your accounting practices and set up a system that works now and in the future — especially for high-growth brands. As your business gets bigger, accounting becomes more complex, it’s increasingly important to keep good, clean financial records. Below, let’s look at some basic accounting principles, double entry accounting, and how this flexible accounting SAFETY STOCK, REORDER POINT & LEAD TIME: HOW TO CALCULATE Safety stock is the amount of inventory a business needs to have to achieve a certain level of risk mitigation when it comes to stockouts. There are typically two types of inventory: core and seasonal. Core inventory is inventory that remains in-stock all year round. Seasonal inventory consists of products you bring in for a specific period oftime.
EFFECTIVELY MANAGING INVENTORY & OPERATIONS THROUGH Introduction Don’t waste valuable time and resources on under-optimized systems and processes. If any of the following inventory inefficiencies have occurred (or worse, are regularly occurring) with your current processes, it is time to improve your systems: Constantly running out of stock or overstocked Inaccurate or unknown stock and order quantities No access to real-time stock counts PRE-PURCHASE STRATEGIES FOR ENHANCING THE CUSTOMER EXPERIENCE A positive, consistent customer experience can help you grow your business. When it comes to the customer experience, you can break it up into three main phases: pre-purchase, during the purchase and post-purchase. Learn how to improve the pre-purchase phase online, offline and from an omnichannel perspective. WHEN TO OUTSOURCE RETAIL OPERATIONS TO A 3PL A guide for retailers approaching the limit of in-house fulfillment. As your business grows from hundreds to thousands of monthly orders, operational growing pains inevitably arise - particularly around shipping and fulfillment. Eventually, every retailer faces a decision: continue scaling current operations, or outsource a portion of or all operations to a third party logistics (3PL) provider. THE COST OF OUT-OF-STOCK: HOW RETAILERS CAN MASTER Don’t let poor inventory management cut into your company’s profits. Learn how small and mid-sized retailers can calm their inventory chaos during the hectic holiday season. Last Cyber Monday brought in big sales, but also a record number of out-of-stock messages on big retail sites like Target and Walmart. STITCH LABS: MULTI-CHANNEL OPERATIONS MANAGEMENT FORLOGINMANAGE YOUR OPERATIONSINTEGRATIONSWHY STITCHOUR BRANDSRESOURCES Stitch’s operations management solution is designed for fast-moving operations teams at growing commerce brands. Sell flexibly on multiple channels. Offer fast and reliable shipping to your customers through advanced automation. Merchandise creatively with bundles, pre-orders, loyalty programs, and more. Gain complete and accurate control THE DIFFERENCE BETWEEN MARGIN VS MARKUP & A FORMULA TO Stitch Labs is an operations management platform for scaling, high-growth brands looking to increase their bottom-line. Almost every scaling retailer has one goal: to increase the bottom line. But increasing the bottom line doesn’t just mean increasing sales. There are other ways that businesses can streamline for efficiency and use creative strategies to increase profits from existing sales WHAT IS TOTAL LANDED COST? ITS DEFINITION, FORMULA & ANALYSIS Stitch is an operations management and inventory accounting platform for modern, high-growth brands. Selling internationally and dealing with foreign suppliers are great avenues for scaling businesses. You expose your brand to new markets, new audiences and new sales opportunities. And doing business abroad for supply chain needs is a great way to get competitive pricing and access to new FIVE BENEFITS OF CYCLE COUNTING OVER ANNUAL INVENTORY Stitch Labs is an operations and inventory control platform for high-growth brands. As a business owner for a high-growth brand, you barely have time to interact with customer let alone spend an entire day counting inventory and checking for inaccuracies. There are advantages and disadvantages of cycle counting, depending on how bigyour brand is.
DOUBLE ENTRY ACCOUNTING & INVENTORY MANAGEMENT: A GUIDE It’s imperative to reign in your accounting practices and set up a system that works now and in the future — especially for high-growth brands. As your business gets bigger, accounting becomes more complex, it’s increasingly important to keep good, clean financial records. Below, let’s look at some basic accounting principles, double entry accounting, and how this flexible accounting SAFETY STOCK, REORDER POINT & LEAD TIME: HOW TO CALCULATE Safety stock is the amount of inventory a business needs to have to achieve a certain level of risk mitigation when it comes to stockouts. There are typically two types of inventory: core and seasonal. Core inventory is inventory that remains in-stock all year round. Seasonal inventory consists of products you bring in for a specific period oftime.
EFFECTIVELY MANAGING INVENTORY & OPERATIONS THROUGH Introduction Don’t waste valuable time and resources on under-optimized systems and processes. If any of the following inventory inefficiencies have occurred (or worse, are regularly occurring) with your current processes, it is time to improve your systems: Constantly running out of stock or overstocked Inaccurate or unknown stock and order quantities No access to real-time stock counts PRE-PURCHASE STRATEGIES FOR ENHANCING THE CUSTOMER EXPERIENCE A positive, consistent customer experience can help you grow your business. When it comes to the customer experience, you can break it up into three main phases: pre-purchase, during the purchase and post-purchase. Learn how to improve the pre-purchase phase online, offline and from an omnichannel perspective. WHEN TO OUTSOURCE RETAIL OPERATIONS TO A 3PL A guide for retailers approaching the limit of in-house fulfillment. As your business grows from hundreds to thousands of monthly orders, operational growing pains inevitably arise - particularly around shipping and fulfillment. Eventually, every retailer faces a decision: continue scaling current operations, or outsource a portion of or all operations to a third party logistics (3PL) provider. THE COST OF OUT-OF-STOCK: HOW RETAILERS CAN MASTER Don’t let poor inventory management cut into your company’s profits. Learn how small and mid-sized retailers can calm their inventory chaos during the hectic holiday season. Last Cyber Monday brought in big sales, but also a record number of out-of-stock messages on big retail sites like Target and Walmart. 8 GREAT INVENTORY CONTROL METHODS & MANAGEMENT TECHNIQUES Stitch is an inventory management system for high-growth brands. As you scale, it's not uncommon to lose track of what inventory you have and where it’s located. Since most brands start out on spreadsheets, inventory control methods are highly manual and take quite a bit of time. As you grow, your brand needs to account for depending factors of business such as the type of product you sell A GUIDE TO INVENTORY PLANNING: AN INTRODUCTION TO A Guide to Inventory Planning. Stitch Labs is a retail operations management platform for high-growth brands. A retail business’ ability to understand and act on inventory planning can make or break their growth, profitability, and ultimate success. Retailers lose $634.1 billion each year to stockouts and the average retaileroverstocks by 50
EFFECTIVELY MANAGING INVENTORY & OPERATIONS THROUGH Introduction Don’t waste valuable time and resources on under-optimized systems and processes. If any of the following inventory inefficiencies have occurred (or worse, are regularly occurring) with your current processes, it is time to improve your systems: Constantly running out of stock or overstocked Inaccurate or unknown stock and order quantities No access to real-time stock counts EVERYTHING YOU NEED TO KNOW ABOUT PACKING SLIPS A packing slip is a shipping document that serves as a paper trail or record of what should be in the shipment. Packing slips may also contain additional information, such as the name and address of the recipient, amount due or paid, extra charges and fees, and a packing slip number. The shipping slip is often supplemental to an invoice or HOW TO CALCULATE INVENTORY TURNOVER: RATIO, FORMULA Stitch is a retail operations management platform for high-growth brands seeking inventory and operational control. Table of Contents What is inventory turnover? How to calculate inventory turnover Analyzing your inventory turnover metrics Applying inventory turnover to inventory management What Is Inventory Turnover? Inventory turnover is a number that tells you how quickly a retailer is WHAT IS A LOT NUMBER?: IT'S MEANING ON PRODUCTS & IN An identification number or code assigned to a batch of products, an item for sale at an auction, etc. (Oxford Dictionary) A lot number is an identification number assigned to a particular quantity or lot of material from a single manufacturer. Lot numbers can typically be found on the outside of packaging. For cars, a lot number is combined ALL-IN-ONE VS. BEST-IN-CLASS SOLUTIONS: WHAT’S BEST FOR Commerce is a fast-moving, unforgiving industry — and retail brands live and die by their inventory. So it makes sense that when it comes to choosing an inventory management solution, you want to be extra careful in choosing the right one for your business. There are lots of options out there ranging from entry-level IMSs to enterprise solutions like ERPs all with their own set of pros and THE BENEFITS OF YOUR SYSTEMS TALKING TO EACH Managing a multichannel selling strategy can be quite difficult if you do not have the correct systems in place. From product development and internal communications to external marketing and customer service, every aspect of your business is directly EVALUATING AN OMNICHANNEL ORDER MANAGEMENT SYSTEM VERSUS The wonderfully quotable Jim Barksdale once said, “there are two ways to make money in business: bundling and unbundling.” For Stitch and many others serving modern retail, this means unbundling the functions of a traditional ERP, such as inventory management, and doing a particular function particularly well. If ERP is a big block of integrated business processes—finance, HR, sales, etc SOLVING THE MULTI-LOCATION INVENTORY CHALLENGE WITH STITCH Like any growing business, testing and exploring sales and marketing channels is a natural part of the evolution. Each channel has different benefits to growing your business and brand, whether those channels offer you high demand, strong margins, or marketing exposure - finding the right avenues for growth is part of the fun. STITCH LABS: MULTI-CHANNEL OPERATIONS MANAGEMENT FORLOGINMANAGE YOUR OPERATIONSINTEGRATIONSWHY STITCHOUR BRANDSRESOURCES Stitch’s operations management solution is designed for fast-moving operations teams at growing commerce brands. Sell flexibly on multiple channels. Offer fast and reliable shipping to your customers through advanced automation. Merchandise creatively with bundles, pre-orders, loyalty programs, and more. Gain complete and accurate control FIVE BENEFITS OF CYCLE COUNTING OVER ANNUAL INVENTORY Stitch Labs is an operations and inventory control platform for high-growth brands. As a business owner for a high-growth brand, you barely have time to interact with customer let alone spend an entire day counting inventory and checking for inaccuracies. There are advantages and disadvantages of cycle counting, depending on how bigyour brand is.
DOUBLE ENTRY ACCOUNTING & INVENTORY MANAGEMENT: A GUIDE It’s imperative to reign in your accounting practices and set up a system that works now and in the future — especially for high-growth brands. As your business gets bigger, accounting becomes more complex, it’s increasingly important to keep good, clean financial records. Below, let’s look at some basic accounting principles, double entry accounting, and how this flexible accounting WHAT IS TOTAL LANDED COST? ITS DEFINITION, FORMULA & ANALYSIS Stitch is an operations management and inventory accounting platform for modern, high-growth brands. Selling internationally and dealing with foreign suppliers are great avenues for scaling businesses. You expose your brand to new markets, new audiences and new sales opportunities. And doing business abroad for supply chain needs is a great way to get competitive pricing and access to new SAFETY STOCK, REORDER POINT & LEAD TIME: HOW TO CALCULATE Safety stock is the amount of inventory a business needs to have to achieve a certain level of risk mitigation when it comes to stockouts. There are typically two types of inventory: core and seasonal. Core inventory is inventory that remains in-stock all year round. Seasonal inventory consists of products you bring in for a specific period oftime.
WHAT IS A LOT NUMBER?: IT'S MEANING ON PRODUCTS & IN An identification number or code assigned to a batch of products, an item for sale at an auction, etc. (Oxford Dictionary) A lot number is an identification number assigned to a particular quantity or lot of material from a single manufacturer. Lot numbers can typically be found on the outside of packaging. For cars, a lot number is combined THE DIFFERENCE BETWEEN MARGIN VS MARKUP & A FORMULA TO Stitch Labs is an operations management platform for scaling, high-growth brands looking to increase their bottom-line. Almost every scaling retailer has one goal: to increase the bottom line. But increasing the bottom line doesn’t just mean increasing sales. There are other ways that businesses can streamline for efficiency and use creative strategies to increase profits from existing sales HOW TO CALCULATE INVENTORY TURNOVER: RATIO, FORMULA Stitch is a retail operations management platform for high-growth brands seeking inventory and operational control. Table of Contents What is inventory turnover? How to calculate inventory turnover Analyzing your inventory turnover metrics Applying inventory turnover to inventory management What Is Inventory Turnover? Inventory turnover is a number that tells you how quickly a retailer is WHAT IS DEAD STOCK? WHY IT’S BAD & STEPS TO AVOID DEAD What is dead stock? In retail and ecommerce, dead stock refers to the inventory that doesn’t sell and doesn’t have a high likelihood of selling in the future. Dead stock typically lives in a warehouse or a brick-and-mortar store’s stockroom. Dead stock has never been sold to a customer, so returned merchandise doesn’t fall under thiscategory.
PIPELINE INVENTORY, DECOUPLING STOCK: DEFINITIONS Pipeline inventory = lead time * demand rate. Now let’s look at a pipeline inventory example. Your U.S.-based company sells binoculars. The lead time for your binoculars is 4 weeks. You sell 50 binoculars every week. Pipeline inventory = 4 * 50 = 200 units. Therefore, you can estimate that you have 200 units in transit from your supplier to STITCH LABS: MULTI-CHANNEL OPERATIONS MANAGEMENT FORLOGINMANAGE YOUR OPERATIONSINTEGRATIONSWHY STITCHOUR BRANDSRESOURCES Stitch’s operations management solution is designed for fast-moving operations teams at growing commerce brands. Sell flexibly on multiple channels. Offer fast and reliable shipping to your customers through advanced automation. Merchandise creatively with bundles, pre-orders, loyalty programs, and more. Gain complete and accurate control FIVE BENEFITS OF CYCLE COUNTING OVER ANNUAL INVENTORY Stitch Labs is an operations and inventory control platform for high-growth brands. As a business owner for a high-growth brand, you barely have time to interact with customer let alone spend an entire day counting inventory and checking for inaccuracies. There are advantages and disadvantages of cycle counting, depending on how bigyour brand is.
DOUBLE ENTRY ACCOUNTING & INVENTORY MANAGEMENT: A GUIDE It’s imperative to reign in your accounting practices and set up a system that works now and in the future — especially for high-growth brands. As your business gets bigger, accounting becomes more complex, it’s increasingly important to keep good, clean financial records. Below, let’s look at some basic accounting principles, double entry accounting, and how this flexible accounting WHAT IS TOTAL LANDED COST? ITS DEFINITION, FORMULA & ANALYSIS Stitch is an operations management and inventory accounting platform for modern, high-growth brands. Selling internationally and dealing with foreign suppliers are great avenues for scaling businesses. You expose your brand to new markets, new audiences and new sales opportunities. And doing business abroad for supply chain needs is a great way to get competitive pricing and access to new SAFETY STOCK, REORDER POINT & LEAD TIME: HOW TO CALCULATE Safety stock is the amount of inventory a business needs to have to achieve a certain level of risk mitigation when it comes to stockouts. There are typically two types of inventory: core and seasonal. Core inventory is inventory that remains in-stock all year round. Seasonal inventory consists of products you bring in for a specific period oftime.
WHAT IS A LOT NUMBER?: IT'S MEANING ON PRODUCTS & IN An identification number or code assigned to a batch of products, an item for sale at an auction, etc. (Oxford Dictionary) A lot number is an identification number assigned to a particular quantity or lot of material from a single manufacturer. Lot numbers can typically be found on the outside of packaging. For cars, a lot number is combined THE DIFFERENCE BETWEEN MARGIN VS MARKUP & A FORMULA TO Stitch Labs is an operations management platform for scaling, high-growth brands looking to increase their bottom-line. Almost every scaling retailer has one goal: to increase the bottom line. But increasing the bottom line doesn’t just mean increasing sales. There are other ways that businesses can streamline for efficiency and use creative strategies to increase profits from existing sales HOW TO CALCULATE INVENTORY TURNOVER: RATIO, FORMULA Stitch is a retail operations management platform for high-growth brands seeking inventory and operational control. Table of Contents What is inventory turnover? How to calculate inventory turnover Analyzing your inventory turnover metrics Applying inventory turnover to inventory management What Is Inventory Turnover? Inventory turnover is a number that tells you how quickly a retailer is WHAT IS DEAD STOCK? WHY IT’S BAD & STEPS TO AVOID DEAD What is dead stock? In retail and ecommerce, dead stock refers to the inventory that doesn’t sell and doesn’t have a high likelihood of selling in the future. Dead stock typically lives in a warehouse or a brick-and-mortar store’s stockroom. Dead stock has never been sold to a customer, so returned merchandise doesn’t fall under thiscategory.
PIPELINE INVENTORY, DECOUPLING STOCK: DEFINITIONS Pipeline inventory = lead time * demand rate. Now let’s look at a pipeline inventory example. Your U.S.-based company sells binoculars. The lead time for your binoculars is 4 weeks. You sell 50 binoculars every week. Pipeline inventory = 4 * 50 = 200 units. Therefore, you can estimate that you have 200 units in transit from your supplier to PRICING | STITCH LABS Stitch Labs is best suited for brands trading $1M or above, or transacting over 25,000 orders per year. Our pricing is calculated based on your annual sales order volume and is designed to scale with you as your business grows. 8 GREAT INVENTORY CONTROL METHODS & MANAGEMENT TECHNIQUES Stitch is an inventory management system for high-growth brands. As you scale, it's not uncommon to lose track of what inventory you have and where it’s located. Since most brands start out on spreadsheets, inventory control methods are highly manual and take quite a bit of time. As you grow, your brand needs to account for depending factors of business such as the type of product you sell LOGISTICS & FULFILLMENT Deliver exceptional experiences without manual work. Stitch inventory management software streamlines fulfillment for teams by automating time-consuming tasks like order splitting, warehouse routing, and shipment updates to help your team save time and delivery exceptional customer experiences. Leverage Stitch’s best-in-class shipping and fulfillment integrations to add a layer of control WHAT IS DEMAND FORECASTING IN RETAIL? A GUIDE FOR GROWING Stitch Labs is a retail operations management platform for high-growth brands. Demand forecasting is a key component to every growing retail business. Without proper demand forecasting processes in place, it can be nearly impossible to have the right amount of stock on hand at any given time. Too much merchandise in the warehouse means more capital tied up in inventory, and not enough could EFFECTIVELY MANAGING INVENTORY & OPERATIONS THROUGH Introduction Don’t waste valuable time and resources on under-optimized systems and processes. If any of the following inventory inefficiencies have occurred (or worse, are regularly occurring) with your current processes, it is time to improve your systems: Constantly running out of stock or overstocked Inaccurate or unknown stock and order quantities No access to real-time stock counts EVERYTHING YOU NEED TO KNOW ABOUT PACKING SLIPS A packing slip is a shipping document that serves as a paper trail or record of what should be in the shipment. Packing slips may also contain additional information, such as the name and address of the recipient, amount due or paid, extra charges and fees, and a packing slip number. The shipping slip is often supplemental to an invoice or PIPELINE INVENTORY, DECOUPLING STOCK: DEFINITIONS Pipeline inventory = lead time * demand rate. Now let’s look at a pipeline inventory example. Your U.S.-based company sells binoculars. The lead time for your binoculars is 4 weeks. You sell 50 binoculars every week. Pipeline inventory = 4 * 50 = 200 units. Therefore, you can estimate that you have 200 units in transit from your supplier to FINDING THE RIGHT TECHNOLOGY TO SCALE YOUR BUSINESS Introduction Although great business are built on great products, technology is increasingly the underlying driver of a company’s success, regardless of the industry or marketplace. From accounting and point-of-sale (POS) systems to inventory management software, the efficacy of the solutions you invest in have the potential to make or break your business. PRE-PURCHASE STRATEGIES FOR ENHANCING THE CUSTOMER EXPERIENCE A positive, consistent customer experience can help you grow your business. When it comes to the customer experience, you can break it up into three main phases: pre-purchase, during the purchase and post-purchase. Learn how to improve the pre-purchase phase online, offline and from an omnichannel perspective. EVALUATING AN OMNICHANNEL ORDER MANAGEMENT SYSTEM VERSUS The wonderfully quotable Jim Barksdale once said, “there are two ways to make money in business: bundling and unbundling.” For Stitch and many others serving modern retail, this means unbundling the functions of a traditional ERP, such as inventory management, and doing a particular function particularly well. If ERP is a big block of integrated business processes—finance, HR, sales, etc STITCH LABS: MULTI-CHANNEL OPERATIONS MANAGEMENT FORLOGINMANAGE YOUR OPERATIONSINTEGRATIONSWHY STITCHOUR BRANDSRESOURCES Stitch’s operations management solution is designed for fast-moving operations teams at growing commerce brands. Sell flexibly on multiple channels. Offer fast and reliable shipping to your customers through advanced automation. Merchandise creatively with bundles, pre-orders, loyalty programs, and more. Gain complete and accurate control WHAT IS TOTAL LANDED COST? ITS DEFINITION, FORMULA & ANALYSIS Stitch is an operations management and inventory accounting platform for modern, high-growth brands. Selling internationally and dealing with foreign suppliers are great avenues for scaling businesses. You expose your brand to new markets, new audiences and new sales opportunities. And doing business abroad for supply chain needs is a great way to get competitive pricing and access to DOUBLE ENTRY ACCOUNTING & INVENTORY MANAGEMENT: A GUIDE It’s imperative to reign in your accounting practices and set up a system that works now and in the future — especially for high-growth brands. As your business gets bigger, accounting becomes more complex, it’s increasingly important to keep good, clean financial records. Below, let’s look at some basic accounting principles, double entry accounting, and how this flexible accounting FIVE BENEFITS OF CYCLE COUNTING OVER ANNUAL INVENTORY Stitch Labs is an operations and inventory control platform for high-growth brands. As a business owner for a high-growth brand, you barely have time to interact with customer let alone spend an entire day counting inventory and checking for inaccuracies. There are advantages and disadvantages of cycle counting, depending on how bigyour brand is.
THE DIFFERENCE BETWEEN MARGIN VS MARKUP & A FORMULA TO Stitch Labs is an operations management platform for scaling, high-growth brands looking to increase their bottom-line. Almost every scaling retailer has one goal: to increase the bottom line. But increasing the bottom line doesn’t just mean increasing sales. There are other ways that businesses can streamline for efficiency and use creative strategies to increase profits from existing sales SAFETY STOCK, REORDER POINT & LEAD TIME: HOW TO CALCULATE Safety stock is the amount of inventory a business needs to have to achieve a certain level of risk mitigation when it comes to stockouts. There are typically two types of inventory: core and seasonal. Core inventory is inventory that remains in-stock all year round. Seasonal inventory consists of products you bring in for a specific period oftime.
PRE-PURCHASE STRATEGIES FOR ENHANCING THE CUSTOMER EXPERIENCE A positive, consistent customer experience can help you grow your business. When it comes to the customer experience, you can break it up into three main phases: pre-purchase, during the purchase and post-purchase. Learn how to improve the pre-purchase phase online, offline and from an omnichannel perspective. IN-SEASON INVENTORY PLANNING: READING YOUR RETAIL BUSINESS You know the drill. It’s Monday morning, a new fiscal week, and the time has come to delve into your reports to dissect the misses and wins from the previous week. “Reading the Business' is a phrase commonly used in retail companies. It refers to the efficient and effective analysis of a category that yields strategic actions to be executed as a cross-functional business team. WHEN TO OUTSOURCE RETAIL OPERATIONS TO A 3PL A guide for retailers approaching the limit of in-house fulfillment. As your business grows from hundreds to thousands of monthly orders, operational growing pains inevitably arise - particularly around shipping and fulfillment. Eventually, every retailer faces a decision: continue scaling current operations, or outsource a portion of or all operations to a third party logistics (3PL) provider. THE COST OF OUT-OF-STOCK: HOW RETAILERS CAN MASTER Don’t let poor inventory management cut into your company’s profits. Learn how small and mid-sized retailers can calm their inventory chaos during the hectic holiday season. Last Cyber Monday brought in big sales, but also a record number of out-of-stock messages on big retail sites like Target and Walmart. STITCH LABS: MULTI-CHANNEL OPERATIONS MANAGEMENT FORLOGINMANAGE YOUR OPERATIONSINTEGRATIONSWHY STITCHOUR BRANDSRESOURCES Stitch’s operations management solution is designed for fast-moving operations teams at growing commerce brands. Sell flexibly on multiple channels. Offer fast and reliable shipping to your customers through advanced automation. Merchandise creatively with bundles, pre-orders, loyalty programs, and more. Gain complete and accurate control WHAT IS TOTAL LANDED COST? ITS DEFINITION, FORMULA & ANALYSIS Stitch is an operations management and inventory accounting platform for modern, high-growth brands. Selling internationally and dealing with foreign suppliers are great avenues for scaling businesses. You expose your brand to new markets, new audiences and new sales opportunities. And doing business abroad for supply chain needs is a great way to get competitive pricing and access to DOUBLE ENTRY ACCOUNTING & INVENTORY MANAGEMENT: A GUIDE It’s imperative to reign in your accounting practices and set up a system that works now and in the future — especially for high-growth brands. As your business gets bigger, accounting becomes more complex, it’s increasingly important to keep good, clean financial records. Below, let’s look at some basic accounting principles, double entry accounting, and how this flexible accounting FIVE BENEFITS OF CYCLE COUNTING OVER ANNUAL INVENTORY Stitch Labs is an operations and inventory control platform for high-growth brands. As a business owner for a high-growth brand, you barely have time to interact with customer let alone spend an entire day counting inventory and checking for inaccuracies. There are advantages and disadvantages of cycle counting, depending on how bigyour brand is.
THE DIFFERENCE BETWEEN MARGIN VS MARKUP & A FORMULA TO Stitch Labs is an operations management platform for scaling, high-growth brands looking to increase their bottom-line. Almost every scaling retailer has one goal: to increase the bottom line. But increasing the bottom line doesn’t just mean increasing sales. There are other ways that businesses can streamline for efficiency and use creative strategies to increase profits from existing sales SAFETY STOCK, REORDER POINT & LEAD TIME: HOW TO CALCULATE Safety stock is the amount of inventory a business needs to have to achieve a certain level of risk mitigation when it comes to stockouts. There are typically two types of inventory: core and seasonal. Core inventory is inventory that remains in-stock all year round. Seasonal inventory consists of products you bring in for a specific period oftime.
PRE-PURCHASE STRATEGIES FOR ENHANCING THE CUSTOMER EXPERIENCE A positive, consistent customer experience can help you grow your business. When it comes to the customer experience, you can break it up into three main phases: pre-purchase, during the purchase and post-purchase. Learn how to improve the pre-purchase phase online, offline and from an omnichannel perspective. IN-SEASON INVENTORY PLANNING: READING YOUR RETAIL BUSINESS You know the drill. It’s Monday morning, a new fiscal week, and the time has come to delve into your reports to dissect the misses and wins from the previous week. “Reading the Business' is a phrase commonly used in retail companies. It refers to the efficient and effective analysis of a category that yields strategic actions to be executed as a cross-functional business team. WHEN TO OUTSOURCE RETAIL OPERATIONS TO A 3PL A guide for retailers approaching the limit of in-house fulfillment. As your business grows from hundreds to thousands of monthly orders, operational growing pains inevitably arise - particularly around shipping and fulfillment. Eventually, every retailer faces a decision: continue scaling current operations, or outsource a portion of or all operations to a third party logistics (3PL) provider. THE COST OF OUT-OF-STOCK: HOW RETAILERS CAN MASTER Don’t let poor inventory management cut into your company’s profits. Learn how small and mid-sized retailers can calm their inventory chaos during the hectic holiday season. Last Cyber Monday brought in big sales, but also a record number of out-of-stock messages on big retail sites like Target and Walmart. 8 GREAT INVENTORY CONTROL METHODS & MANAGEMENT TECHNIQUES Stitch is an inventory management system for high-growth brands. As you scale, it's not uncommon to lose track of what inventory you have and where it’s located. Since most brands start out on spreadsheets, inventory control methods are highly manual and take quite a bit of time. As you grow, your brand needs to account for depending factors of business such as the type of product you sell WHAT IS GAP ANALYSIS & HOW TO CREATE ASSESSMENT Stitch Labs is a retail operations management platform for high-growth brands. Learn more here. What is gap analysis? The gap analysis definition is when a business compares what it’s actually doing to what it has the potential to do. These are commonly referred to as the business’s current state and potential or goal state. Essentially, the gap analysis helps companies realize and achieve FINDING THE RIGHT TECHNOLOGY TO SCALE YOUR BUSINESS Introduction Although great business are built on great products, technology is increasingly the underlying driver of a company’s success, regardless of the industry or marketplace. From accounting and point-of-sale (POS) systems to inventory management software, the efficacy of the solutions you invest in have the potential to make or break your business. EFFECTIVELY MANAGING INVENTORY & OPERATIONS THROUGH Introduction Don’t waste valuable time and resources on under-optimized systems and processes. If any of the following inventory inefficiencies have occurred (or worse, are regularly occurring) with your current processes, it is time to improve your systems: Constantly running out of stock or overstocked Inaccurate or unknown stock and order quantities No access to real-time stock counts EXPANDING YOUR BUSINESS THROUGH NEW PRODUCT DEVELOPMENT Introduction Expansion is an essential part of any solid growth strategy. While it’s important to expand into new sales channels and scale your operations, you also need to expand your product lines to truly achieve sustainable growth. That being said, many factors can influence the decision to expand your product offerings. Timing, customer demand, competitive landscape, and manufacturing EVERYTHING YOU NEED TO KNOW ABOUT PACKING SLIPS A packing slip is a shipping document that serves as a paper trail or record of what should be in the shipment. Packing slips may also contain additional information, such as the name and address of the recipient, amount due or paid, extra charges and fees, and a packing slip number. The shipping slip is often supplemental to an invoice or HOW TO CALCULATE INVENTORY TURNOVER: RATIO, FORMULA Stitch is a retail operations management platform for high-growth brands seeking inventory and operational control. Table of Contents What is inventory turnover? How to calculate inventory turnover Analyzing your inventory turnover metrics Applying inventory turnover to inventory management What Is Inventory Turnover? Inventory turnover is a number that tells you how quickly a retailer is ALL-IN-ONE VS. BEST-IN-CLASS SOLUTIONS: WHAT’S BEST FOR Commerce is a fast-moving, unforgiving industry — and retail brands live and die by their inventory. So it makes sense that when it comes to choosing an inventory management solution, you want to be extra careful in choosing the right one for your business. There are lots of options out there ranging from entry-level IMSs to enterprise solutions like ERPs all with their own set of pros and WHAT IS DEAD STOCK? WHY IT’S BAD & STEPS TO AVOID DEAD What is dead stock? In retail and ecommerce, dead stock refers to the inventory that doesn’t sell and doesn’t have a high likelihood of selling in the future. Dead stock typically lives in a warehouse or a brick-and-mortar store’s stockroom. Dead stock has never been sold to a customer, so returned merchandise doesn’t fall under thiscategory.
EVALUATING AN OMNICHANNEL ORDER MANAGEMENT SYSTEM VERSUS The wonderfully quotable Jim Barksdale once said, “there are two ways to make money in business: bundling and unbundling.” For Stitch and many others serving modern retail, this means unbundling the functions of a traditional ERP, such as inventory management, and doing a particular function particularly well. If ERP is a big block of integrated business processes—finance, HR, sales, etc STITCH LABS: MULTI-CHANNEL OPERATIONS MANAGEMENT FORLOGINMANAGE YOUR OPERATIONSINTEGRATIONSWHY STITCHOUR BRANDSRESOURCES Stitch’s operations management solution is designed for fast-moving operations teams at growing commerce brands. Sell flexibly on multiple channels. Offer fast and reliable shipping to your customers through advanced automation. Merchandise creatively with bundles, pre-orders, loyalty programs, and more. Gain complete and accurate control WHAT IS TOTAL LANDED COST? ITS DEFINITION, FORMULA & ANALYSIS Stitch is an operations management and inventory accounting platform for modern, high-growth brands. Selling internationally and dealing with foreign suppliers are great avenues for scaling businesses. You expose your brand to new markets, new audiences and new sales opportunities. And doing business abroad for supply chain needs is a great way to get competitive pricing and access to DOUBLE ENTRY ACCOUNTING & INVENTORY MANAGEMENT: A GUIDE It’s imperative to reign in your accounting practices and set up a system that works now and in the future — especially for high-growth brands. As your business gets bigger, accounting becomes more complex, it’s increasingly important to keep good, clean financial records. Below, let’s look at some basic accounting principles, double entry accounting, and how this flexible accounting FIVE BENEFITS OF CYCLE COUNTING OVER ANNUAL INVENTORY Stitch Labs is an operations and inventory control platform for high-growth brands. As a business owner for a high-growth brand, you barely have time to interact with customer let alone spend an entire day counting inventory and checking for inaccuracies. There are advantages and disadvantages of cycle counting, depending on how bigyour brand is.
THE DIFFERENCE BETWEEN MARGIN VS MARKUP & A FORMULA TO Stitch Labs is an operations management platform for scaling, high-growth brands looking to increase their bottom-line. Almost every scaling retailer has one goal: to increase the bottom line. But increasing the bottom line doesn’t just mean increasing sales. There are other ways that businesses can streamline for efficiency and use creative strategies to increase profits from existing sales SAFETY STOCK, REORDER POINT & LEAD TIME: HOW TO CALCULATE Safety stock is the amount of inventory a business needs to have to achieve a certain level of risk mitigation when it comes to stockouts. There are typically two types of inventory: core and seasonal. Core inventory is inventory that remains in-stock all year round. Seasonal inventory consists of products you bring in for a specific period oftime.
PRE-PURCHASE STRATEGIES FOR ENHANCING THE CUSTOMER EXPERIENCE A positive, consistent customer experience can help you grow your business. When it comes to the customer experience, you can break it up into three main phases: pre-purchase, during the purchase and post-purchase. Learn how to improve the pre-purchase phase online, offline and from an omnichannel perspective. IN-SEASON INVENTORY PLANNING: READING YOUR RETAIL BUSINESS You know the drill. It’s Monday morning, a new fiscal week, and the time has come to delve into your reports to dissect the misses and wins from the previous week. “Reading the Business' is a phrase commonly used in retail companies. It refers to the efficient and effective analysis of a category that yields strategic actions to be executed as a cross-functional business team. WHEN TO OUTSOURCE RETAIL OPERATIONS TO A 3PL A guide for retailers approaching the limit of in-house fulfillment. As your business grows from hundreds to thousands of monthly orders, operational growing pains inevitably arise - particularly around shipping and fulfillment. Eventually, every retailer faces a decision: continue scaling current operations, or outsource a portion of or all operations to a third party logistics (3PL) provider. THE COST OF OUT-OF-STOCK: HOW RETAILERS CAN MASTER Don’t let poor inventory management cut into your company’s profits. Learn how small and mid-sized retailers can calm their inventory chaos during the hectic holiday season. Last Cyber Monday brought in big sales, but also a record number of out-of-stock messages on big retail sites like Target and Walmart. STITCH LABS: MULTI-CHANNEL OPERATIONS MANAGEMENT FORLOGINMANAGE YOUR OPERATIONSINTEGRATIONSWHY STITCHOUR BRANDSRESOURCES Stitch’s operations management solution is designed for fast-moving operations teams at growing commerce brands. Sell flexibly on multiple channels. Offer fast and reliable shipping to your customers through advanced automation. Merchandise creatively with bundles, pre-orders, loyalty programs, and more. Gain complete and accurate control WHAT IS TOTAL LANDED COST? ITS DEFINITION, FORMULA & ANALYSIS Stitch is an operations management and inventory accounting platform for modern, high-growth brands. Selling internationally and dealing with foreign suppliers are great avenues for scaling businesses. You expose your brand to new markets, new audiences and new sales opportunities. And doing business abroad for supply chain needs is a great way to get competitive pricing and access to DOUBLE ENTRY ACCOUNTING & INVENTORY MANAGEMENT: A GUIDE It’s imperative to reign in your accounting practices and set up a system that works now and in the future — especially for high-growth brands. As your business gets bigger, accounting becomes more complex, it’s increasingly important to keep good, clean financial records. Below, let’s look at some basic accounting principles, double entry accounting, and how this flexible accounting FIVE BENEFITS OF CYCLE COUNTING OVER ANNUAL INVENTORY Stitch Labs is an operations and inventory control platform for high-growth brands. As a business owner for a high-growth brand, you barely have time to interact with customer let alone spend an entire day counting inventory and checking for inaccuracies. There are advantages and disadvantages of cycle counting, depending on how bigyour brand is.
THE DIFFERENCE BETWEEN MARGIN VS MARKUP & A FORMULA TO Stitch Labs is an operations management platform for scaling, high-growth brands looking to increase their bottom-line. Almost every scaling retailer has one goal: to increase the bottom line. But increasing the bottom line doesn’t just mean increasing sales. There are other ways that businesses can streamline for efficiency and use creative strategies to increase profits from existing sales SAFETY STOCK, REORDER POINT & LEAD TIME: HOW TO CALCULATE Safety stock is the amount of inventory a business needs to have to achieve a certain level of risk mitigation when it comes to stockouts. There are typically two types of inventory: core and seasonal. Core inventory is inventory that remains in-stock all year round. Seasonal inventory consists of products you bring in for a specific period oftime.
PRE-PURCHASE STRATEGIES FOR ENHANCING THE CUSTOMER EXPERIENCE A positive, consistent customer experience can help you grow your business. When it comes to the customer experience, you can break it up into three main phases: pre-purchase, during the purchase and post-purchase. Learn how to improve the pre-purchase phase online, offline and from an omnichannel perspective. IN-SEASON INVENTORY PLANNING: READING YOUR RETAIL BUSINESS You know the drill. It’s Monday morning, a new fiscal week, and the time has come to delve into your reports to dissect the misses and wins from the previous week. “Reading the Business' is a phrase commonly used in retail companies. It refers to the efficient and effective analysis of a category that yields strategic actions to be executed as a cross-functional business team. WHEN TO OUTSOURCE RETAIL OPERATIONS TO A 3PL A guide for retailers approaching the limit of in-house fulfillment. As your business grows from hundreds to thousands of monthly orders, operational growing pains inevitably arise - particularly around shipping and fulfillment. Eventually, every retailer faces a decision: continue scaling current operations, or outsource a portion of or all operations to a third party logistics (3PL) provider. 8 GREAT INVENTORY CONTROL METHODS & MANAGEMENT TECHNIQUES Stitch is an inventory management system for high-growth brands. As you scale, it's not uncommon to lose track of what inventory you have and where it’s located. Since most brands start out on spreadsheets, inventory control methods are highly manual and take quite a bit of time. As you grow, your brand needs to account for depending factors of business such as the type of product you sell WHAT IS GAP ANALYSIS & HOW TO CREATE ASSESSMENT Stitch Labs is a retail operations management platform for high-growth brands. Learn more here. What is gap analysis? The gap analysis definition is when a business compares what it’s actually doing to what it has the potential to do. These are commonly referred to as the business’s current state and potential or goal state. Essentially, the gap analysis helps companies realize and achieve FINDING THE RIGHT TECHNOLOGY TO SCALE YOUR BUSINESS Introduction Although great business are built on great products, technology is increasingly the underlying driver of a company’s success, regardless of the industry or marketplace. From accounting and point-of-sale (POS) systems to inventory management software, the efficacy of the solutions you invest in have the potential to make or break your business. EFFECTIVELY MANAGING INVENTORY & OPERATIONS THROUGH Introduction Don’t waste valuable time and resources on under-optimized systems and processes. If any of the following inventory inefficiencies have occurred (or worse, are regularly occurring) with your current processes, it is time to improve your systems: Constantly running out of stock or overstocked Inaccurate or unknown stock and order quantities No access to real-time stock counts EXPANDING YOUR BUSINESS THROUGH NEW PRODUCT DEVELOPMENT Introduction Expansion is an essential part of any solid growth strategy. While it’s important to expand into new sales channels and scale your operations, you also need to expand your product lines to truly achieve sustainable growth. That being said, many factors can influence the decision to expand your product offerings. Timing, customer demand, competitive landscape, and manufacturing EVERYTHING YOU NEED TO KNOW ABOUT PACKING SLIPS A packing slip is a shipping document that serves as a paper trail or record of what should be in the shipment. Packing slips may also contain additional information, such as the name and address of the recipient, amount due or paid, extra charges and fees, and a packing slip number. The shipping slip is often supplemental to an invoice or HOW TO CALCULATE INVENTORY TURNOVER: RATIO, FORMULA Stitch is a retail operations management platform for high-growth brands seeking inventory and operational control. Table of Contents What is inventory turnover? How to calculate inventory turnover Analyzing your inventory turnover metrics Applying inventory turnover to inventory management What Is Inventory Turnover? Inventory turnover is a number that tells you how quickly a retailer is ALL-IN-ONE VS. BEST-IN-CLASS SOLUTIONS: WHAT’S BEST FOR Commerce is a fast-moving, unforgiving industry — and retail brands live and die by their inventory. So it makes sense that when it comes to choosing an inventory management solution, you want to be extra careful in choosing the right one for your business. There are lots of options out there ranging from entry-level IMSs to enterprise solutions like ERPs all with their own set of pros and WHAT IS DEAD STOCK? WHY IT’S BAD & STEPS TO AVOID DEAD What is dead stock? In retail and ecommerce, dead stock refers to the inventory that doesn’t sell and doesn’t have a high likelihood of selling in the future. Dead stock typically lives in a warehouse or a brick-and-mortar store’s stockroom. Dead stock has never been sold to a customer, so returned merchandise doesn’t fall under thiscategory.
EVALUATING AN OMNICHANNEL ORDER MANAGEMENT SYSTEM VERSUS The wonderfully quotable Jim Barksdale once said, “there are two ways to make money in business: bundling and unbundling.” For Stitch and many others serving modern retail, this means unbundling the functions of a traditional ERP, such as inventory management, and doing a particular function particularly well. If ERP is a big block of integrated business processes—finance, HR, sales, etc STITCH LABS: MULTI-CHANNEL OPERATIONS MANAGEMENT FORLOGINMANAGE YOUR OPERATIONSINTEGRATIONSWHY STITCHOUR BRANDSRESOURCES Stitch’s operations management solution is designed for fast-moving operations teams at growing commerce brands. Sell flexibly on multiple channels. Offer fast and reliable shipping to your customers through advanced automation. Merchandise creatively with bundles, pre-orders, loyalty programs, and more. Gain complete and accurate control WHAT IS TOTAL LANDED COST? ITS DEFINITION, FORMULA & ANALYSIS Stitch is an operations management and inventory accounting platform for modern, high-growth brands. Selling internationally and dealing with foreign suppliers are great avenues for scaling businesses. You expose your brand to new markets, new audiences and new sales opportunities. And doing business abroad for supply chain needs is a great way to get competitive pricing and access to DOUBLE ENTRY ACCOUNTING & INVENTORY MANAGEMENT: A GUIDE It’s imperative to reign in your accounting practices and set up a system that works now and in the future — especially for high-growth brands. As your business gets bigger, accounting becomes more complex, it’s increasingly important to keep good, clean financial records. Below, let’s look at some basic accounting principles, double entry accounting, and how this flexible accounting FIVE BENEFITS OF CYCLE COUNTING OVER ANNUAL INVENTORY Stitch Labs is an operations and inventory control platform for high-growth brands. As a business owner for a high-growth brand, you barely have time to interact with customer let alone spend an entire day counting inventory and checking for inaccuracies. There are advantages and disadvantages of cycle counting, depending on how bigyour brand is.
THE DIFFERENCE BETWEEN MARGIN VS MARKUP & A FORMULA TO Stitch Labs is an operations management platform for scaling, high-growth brands looking to increase their bottom-line. Almost every scaling retailer has one goal: to increase the bottom line. But increasing the bottom line doesn’t just mean increasing sales. There are other ways that businesses can streamline for efficiency and use creative strategies to increase profits from existing sales SAFETY STOCK, REORDER POINT & LEAD TIME: HOW TO CALCULATE Safety stock is the amount of inventory a business needs to have to achieve a certain level of risk mitigation when it comes to stockouts. There are typically two types of inventory: core and seasonal. Core inventory is inventory that remains in-stock all year round. Seasonal inventory consists of products you bring in for a specific period oftime.
PRE-PURCHASE STRATEGIES FOR ENHANCING THE CUSTOMER EXPERIENCE A positive, consistent customer experience can help you grow your business. When it comes to the customer experience, you can break it up into three main phases: pre-purchase, during the purchase and post-purchase. Learn how to improve the pre-purchase phase online, offline and from an omnichannel perspective. IN-SEASON INVENTORY PLANNING: READING YOUR RETAIL BUSINESS You know the drill. It’s Monday morning, a new fiscal week, and the time has come to delve into your reports to dissect the misses and wins from the previous week. “Reading the Business' is a phrase commonly used in retail companies. It refers to the efficient and effective analysis of a category that yields strategic actions to be executed as a cross-functional business team. WHEN TO OUTSOURCE RETAIL OPERATIONS TO A 3PL A guide for retailers approaching the limit of in-house fulfillment. As your business grows from hundreds to thousands of monthly orders, operational growing pains inevitably arise - particularly around shipping and fulfillment. Eventually, every retailer faces a decision: continue scaling current operations, or outsource a portion of or all operations to a third party logistics (3PL) provider. THE COST OF OUT-OF-STOCK: HOW RETAILERS CAN MASTER Don’t let poor inventory management cut into your company’s profits. Learn how small and mid-sized retailers can calm their inventory chaos during the hectic holiday season. Last Cyber Monday brought in big sales, but also a record number of out-of-stock messages on big retail sites like Target and Walmart. STITCH LABS: MULTI-CHANNEL OPERATIONS MANAGEMENT FORLOGINMANAGE YOUR OPERATIONSINTEGRATIONSWHY STITCHOUR BRANDSRESOURCES Stitch’s operations management solution is designed for fast-moving operations teams at growing commerce brands. Sell flexibly on multiple channels. Offer fast and reliable shipping to your customers through advanced automation. Merchandise creatively with bundles, pre-orders, loyalty programs, and more. Gain complete and accurate control WHAT IS TOTAL LANDED COST? ITS DEFINITION, FORMULA & ANALYSIS Stitch is an operations management and inventory accounting platform for modern, high-growth brands. Selling internationally and dealing with foreign suppliers are great avenues for scaling businesses. You expose your brand to new markets, new audiences and new sales opportunities. And doing business abroad for supply chain needs is a great way to get competitive pricing and access to DOUBLE ENTRY ACCOUNTING & INVENTORY MANAGEMENT: A GUIDE It’s imperative to reign in your accounting practices and set up a system that works now and in the future — especially for high-growth brands. As your business gets bigger, accounting becomes more complex, it’s increasingly important to keep good, clean financial records. Below, let’s look at some basic accounting principles, double entry accounting, and how this flexible accounting FIVE BENEFITS OF CYCLE COUNTING OVER ANNUAL INVENTORY Stitch Labs is an operations and inventory control platform for high-growth brands. As a business owner for a high-growth brand, you barely have time to interact with customer let alone spend an entire day counting inventory and checking for inaccuracies. There are advantages and disadvantages of cycle counting, depending on how bigyour brand is.
THE DIFFERENCE BETWEEN MARGIN VS MARKUP & A FORMULA TO Stitch Labs is an operations management platform for scaling, high-growth brands looking to increase their bottom-line. Almost every scaling retailer has one goal: to increase the bottom line. But increasing the bottom line doesn’t just mean increasing sales. There are other ways that businesses can streamline for efficiency and use creative strategies to increase profits from existing sales SAFETY STOCK, REORDER POINT & LEAD TIME: HOW TO CALCULATE Safety stock is the amount of inventory a business needs to have to achieve a certain level of risk mitigation when it comes to stockouts. There are typically two types of inventory: core and seasonal. Core inventory is inventory that remains in-stock all year round. Seasonal inventory consists of products you bring in for a specific period oftime.
PRE-PURCHASE STRATEGIES FOR ENHANCING THE CUSTOMER EXPERIENCE A positive, consistent customer experience can help you grow your business. When it comes to the customer experience, you can break it up into three main phases: pre-purchase, during the purchase and post-purchase. Learn how to improve the pre-purchase phase online, offline and from an omnichannel perspective. 8 GREAT INVENTORY CONTROL METHODS & MANAGEMENT TECHNIQUES Stitch is an inventory management system for high-growth brands. As you scale, it's not uncommon to lose track of what inventory you have and where it’s located. Since most brands start out on spreadsheets, inventory control methods are highly manual and take quite a bit of time. As you grow, your brand needs to account for depending factors of business such as the type of product you sell WHAT IS GAP ANALYSIS & HOW TO CREATE ASSESSMENT Stitch Labs is a retail operations management platform for high-growth brands. Learn more here. What is gap analysis? The gap analysis definition is when a business compares what it’s actually doing to what it has the potential to do. These are commonly referred to as the business’s current state and potential or goal state. Essentially, the gap analysis helps companies realize and achieve FINDING THE RIGHT TECHNOLOGY TO SCALE YOUR BUSINESS Introduction Although great business are built on great products, technology is increasingly the underlying driver of a company’s success, regardless of the industry or marketplace. From accounting and point-of-sale (POS) systems to inventory management software, the efficacy of the solutions you invest in have the potential to make or break your business. EFFECTIVELY MANAGING INVENTORY & OPERATIONS THROUGH Introduction Don’t waste valuable time and resources on under-optimized systems and processes. If any of the following inventory inefficiencies have occurred (or worse, are regularly occurring) with your current processes, it is time to improve your systems: Constantly running out of stock or overstocked Inaccurate or unknown stock and order quantities No access to real-time stock counts EXPANDING YOUR BUSINESS THROUGH NEW PRODUCT DEVELOPMENT Introduction Expansion is an essential part of any solid growth strategy. While it’s important to expand into new sales channels and scale your operations, you also need to expand your product lines to truly achieve sustainable growth. That being said, many factors can influence the decision to expand your product offerings. Timing, customer demand, competitive landscape, and manufacturing EVERYTHING YOU NEED TO KNOW ABOUT PACKING SLIPS A packing slip is a shipping document that serves as a paper trail or record of what should be in the shipment. Packing slips may also contain additional information, such as the name and address of the recipient, amount due or paid, extra charges and fees, and a packing slip number. The shipping slip is often supplemental to an invoice or HOW TO CALCULATE INVENTORY TURNOVER: RATIO, FORMULA Stitch is a retail operations management platform for high-growth brands seeking inventory and operational control. Table of Contents What is inventory turnover? How to calculate inventory turnover Analyzing your inventory turnover metrics Applying inventory turnover to inventory management What Is Inventory Turnover? Inventory turnover is a number that tells you how quickly a retailer is ALL-IN-ONE VS. BEST-IN-CLASS SOLUTIONS: WHAT’S BEST FOR Commerce is a fast-moving, unforgiving industry — and retail brands live and die by their inventory. So it makes sense that when it comes to choosing an inventory management solution, you want to be extra careful in choosing the right one for your business. There are lots of options out there ranging from entry-level IMSs to enterprise solutions like ERPs all with their own set of pros and WHAT IS DEAD STOCK? WHY IT’S BAD & STEPS TO AVOID DEAD What is dead stock? In retail and ecommerce, dead stock refers to the inventory that doesn’t sell and doesn’t have a high likelihood of selling in the future. Dead stock typically lives in a warehouse or a brick-and-mortar store’s stockroom. Dead stock has never been sold to a customer, so returned merchandise doesn’t fall under thiscategory.
EVALUATING AN OMNICHANNEL ORDER MANAGEMENT SYSTEM VERSUS The wonderfully quotable Jim Barksdale once said, “there are two ways to make money in business: bundling and unbundling.” For Stitch and many others serving modern retail, this means unbundling the functions of a traditional ERP, such as inventory management, and doing a particular function particularly well. If ERP is a big block of integrated business processes—finance, HR, sales, etc* Log In
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“We’re trying to be lean and do things smart as opposed to with brute force. That was the biggest reason we got Stitch.” – Dan Wang, Director of Ops, THINX | Read case study MODERN OPERATIONS MANAGEMENT FOR MODERN, GROWING BRANDS. ------------------------- Growing brands can’t afford time-consuming and error-prone manual management, or inflexible systems that can’t grow and scale with them as fast as they do. Stitch’s operations management solution is designed for fast-moving operations teams at growing commerce brands.*
Sell flexibly on multiple channels.*
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SEE WHAT STITCH IS ALL ABOUT. INVENTORY MANAGEMENT Gain inventory control and visibility with inventory management softwarefor all
your retail and wholesale channels, systems, and fulfillmentlocations.
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logistics to deliver products seamlessly to your customers. B2B WHOLESALE MANAGEMENT Expand into wholesale channels quickly and effectively with rep management tools and wholesale inventory management.
PURCHASING & REPLENISHMENT Make purchases quickly and confidently with consolidated data, accurate cost capture, and streamlined workflows.FULFILLMENT
Streamline order fulfillment across warehouses and 3PLs to reduce errors and manual work. REPORTING & ANALYTICS Run faster, smarter operations with help from dozens of easy-to-useretail reports
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LEVERAGE BEST-IN-CLASS TOOLS FOR FLEXIBILITY _TODAY AND TOMORROW_. ------------------------- Integrate with leading channels and tools in commerce for seamless ecommerce inventory management,
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Explore our powerful integrations. “We are confident that Stitch will be able to connect all of our present desires with our desires for the future. We’re taking overthe world!”
– Julia Babina, VP of Ops, Brooklinen | Read case study WITH YOU EVERY STEP OF THE WAY. ------------------------- When you join Stitch, you join a coveted community of the best emerging and established modern brands, a team of experts, and dedicated success managers.
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"With Stitch, it was clear right from the beginning that you were willing to work with us on creating a unique solution that’s right for our business.” – Jen Howell, Director of Logistics and Customer Success, Peak Design | Read case study SAY ‘NO’ TO ERPS FOR YOUR OPERATIONS. ------------------------- You only move as fast as your slowest team. Growing brands need agile solutions that move as quickly as they do. ERP systems are great for detailed bookkeeping and financials, but slow your business down when it comes to fast-moving commerceoperations.
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