Introduction What is SKU? Surprisingly, this simple acronym introduced in the 1930s has transformed how businesses manage inventory worldwide. Grocery stores that carried just 7,000 SKUs in 1970 now manage more than 31,000 as of 2022. SKU stands for Stock Keeping Unit – essentially a unique identifier assigned to products for inventory tracking purposes. These codes, […]
Introduction Carbon footprint reduction starts with addressing the most wasteful business practices. Did you know that a typical mid-sized business produces around 18,000 invoices annually, equivalent to two tons of paper waste? Furthermore, considering the average employee prints 500 A4 sheets per year, a company of just 10 people consumes approximately 5000 pieces of paper […]
Introduction QR codes on product packaging have revolutionized how consumers interact with brands while shopping. Surprisingly, 64% of consumers have scanned a QR code while shopping in-store, with packaging influencing repeat purchases for 59% of shoppers. This powerful connection between physical products and digital experiences is changing retail landscapes across industries. When we examine the benefits […]
Introduction Digital Transformation might sound like just another business buzzword, but the undeniable success of companies embracing it over the past decade proves it’s a powerful strategy. However, when digital experiences fall short, insufficient data management practices are often what’s holding organizations back. In today’s complex business environment, managing product information across multiple channels while maintaining […]
Introduction Supply chain visibility has become a critical factor for businesses seeking to prevent costly disruptions in today’s complex global marketplace. More than 80% of the typical consumer company’s greenhouse gas emissions are embedded in their supply chains, highlighting just one area where improved transparency delivers significant value. When we discuss supply chain visibility, we […]