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Reconciliation

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Let’s paint you a mental picture. You’ve shipped an order to one of your regulars, only this time, something is different. Your customer isn’t happy about the order they’ve received and wants to send it back. Managing this return entails several steps, including performing a quality compliance check and subsequently generating a credit note.  On a cloud-based inventory management solution, these steps fall under automated returns reconciliation. In this post, we’ll take you through…

If you like being sure of your facts, inventory reconciliation is sure to pique your interest. It’s an efficiency practice businesses carry out to verify that the amount in their inventory lines up with the inventory recorded.  It’s never ideal to over-promise and underdeliver. But that’s what happens most of the time if you do not reconcile your inventory. The ensuing discrepancy can impact your business because it lessens how many customers get what they…

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