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Completing your first capital raise: ten lessons for startups

NZ Entrepreneur

Kiwi inventory forecasting software StockTrim achieved international sales in the UK, Australia and US immediately after launching in 2017. Comparing the MOQs of his product SKUs “saved me running out of stock at Christmas,” Peska told Sutton. It’s been growth ever since, and in 2020 the company pitched for funding to scale up.

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6 Shopify Inventory Management Techniques You Must Implement

The Startup Magazine

Predict Demand Accurately. Good inventory management is closely connected to accurate forecasting. You could be short on cash and can’t pay for an item you really need or sales increase unexpectedly and your stock is oversold. Setting par levels means assigning a minimum amount of stock for a certain product.

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7 Ways Businesses can save on Shipping during Busy Seasons

The Startup Magazine

One of the safest ways to reduce shipping costs during the holiday season is to stock extra piles of merchandise and manage inventory. As a result, you can get satisfied customers while selling the surplus stock for a profit. To do so, you must forecast demand ahead of the selling season using your previous sales volume.

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Veruson Discusses 5 Ways To Optimize Your Inventory

The Startup Magazine

Inventory needs to be tracked and stored carefully, and a company should not stock more inventory than it needs at any given time. One of the best ways to manage inventory levels is to forecast what types of products you will need and when. This supply and demand forecasting can be put into place using AI systems.

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Have you done your annual entrepreneurial health check?

NZ Entrepreneur

Before you plan the rest of your year, it’s time to take stock and look at conducting this ever-important “annual health check” on your business. Additional funding requests – requesting funding over and above those forecast by the company can be a tell tale sign that all is not well.

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Inventory Management Optimization Methods

The Startup Magazine

Inventory management is the challenge of matching the company’s supply volume appropriately to customer demand. This may sound very simple but, spikes and dips in both supply and demand can be quite challenging to deal with and how well a company can manage this challenge will have a large impact on their overall profits.

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8 Steps to Starting Your Own Business

Up and Running

Begin by taking stock of yourself and your situation: Why do you want to start a business? Industry suppliers (again to get a sense of demand and for market information). Every business is unique and you may need to refine this list as you go. Conduct a personal evaluation. This knowledge will make you happier.”. Sabrina Parsons.