The Role of Social Media in the Fashion Industry

December 10, 2024
Social Media, Technology

Social media has dramatically changed the landscape of the fashion industry. In fact, between instant customer engagement and fashion influencers, social media fashion trends have become accessible by a much wider, more diverse audience. How can you learn to harness social media in the fashion industry? It’s important to recognize the role that a solid ERP solution provides, in addition to staying on top of the latest social trends. How Social Media is Revolutionizing the Fashion Industry Social media and…

Streamlining Fashion Sales with ERP Order Management Software

November 11, 2024
Fashion, Inventory Management, N41 ERP software, Uncategorized

Want to keep your fashion business ahead of the curve? Swift and accurate order management is essential for meeting customer demands and staying competitive in an ever-changing market. A powerful ERP solution with integrated sales order management tools can streamline your operations, improve accuracy, boost customer satisfaction, and fuel organizational growth. This guide explores the ins and outs of fashion sales order management software and the benefits of choosing a comprehensive ERP system. What is Order Management in Fashion? Order…

Fashion Tech for Growth: ERP Solutions for Small Businesses & Startups

October 13, 2024
Inventory Management, N41 ERP software, Technology

The fashion industry needs to remain efficient to grow. This is particularly difficult for small businesses and startups. Once you factor in unsold items and seasonal price adjustments, the net margin can be extremely small. Fortunately, enterprise resource planning (ERP Solutions) is available to companies of all sizes. ERP can optimize your inventory, make it simple to streamline your operations and assist you with supply chain management. These factors can help startups and small businesses stay afloat during lean times. …

Apparel Designing Software: Which is Best for You?

September 4, 2024
Fashion, Technology

Choosing the right apparel designing software takes more than simply picking the most popular option. You’ll need to consider many things, including software integration and your company’s strengths and weaknesses. For example, if your designers are fantastic with clothing but aren’t so great with design apparel software, you’ll want to choose something easier to use, such as Digital Fashion Pro. On the other hand, if your designers have a lot of software experience, you might prefer Corel Draw or Adobe…

Virtual Warehouse: Maximize Efficiency, Cut Costs, and Boost Profits

August 13, 2024
Inventory Management, N41 ERP software, Technology

Putting inventory into your virtual warehouse is a fantastic way to ensure that order fulfillment and inventory management remain under control. In fact, virtual warehousing is a business opportunity, and it simply makes good sense to take advantage of it. Just make sure that the virtual warehouse you choose offers integration with your ERP. What is a virtual warehouse? If you want a 360-degree view of your available inventory, then using a virtual warehouse is key. This fulfillment and distribution…

Why Apparel Accounting Software is Essential in your Fashion Store

July 9, 2024
eCommerce, Fashion

When it comes to taking care of accounts payable, accounts receivable, financial statements, and general bookkeeping, it’s definitely a wise idea to utilize accounting software. After all, these functions are just as important as maintaining a correct inventory system, and no one wants to track them by hand anymore. Even if they could, you wouldn’t want them to, as it could easily lead to a big accounting error. Instead, protect yourself and your apparel business by providing your accounting team…

Everything You Need to Know About the Apparel Supply Chain

June 10, 2024
Inventory Management

Welcome to the complex world of the apparel supply chain—a crucial artery in the heart of the fashion industry. Whether you're starting out in the business or looking to refine your operations, understanding the intricacies of how your clothing moves from concept to customer is vital. This guide unpacks the key stages of the apparel supply chain, explains why each is important, and discusses the challenges and technological advancements that could reshape the future of fashion logistics. Read on to…

Maximize Profits: Retail Price Strategy with ERP Insights

May 7, 2024
Uncategorized

The retail industry is full of highs and lows, particularly with pricing. As such, getting your retail price strategy right is crucial. Price too low? You'll have sales but minimal profit. Price too high? You risk losing sales and permanently damaging your brand's reputation. Additionally, savvy competitors may capitalize on this, attracting loyal customers with better pricing. Therefore, finding the right balance is essential. N41 offers helpful tools and insights to master this balance, helping small businesses navigate their pricing…

Mitigating Supply Chain Disruptions in Fashion with ERP

April 23, 2024
eCommerce, Inventory Management

Despite experiencing these issues, more than half of fashion executives said they plan to raise their prices. Is this a smart move in a world that sees consumers already pinching their pennies? Time will tell, but if you want to better position your fashion company, it’s critically important to switch to an ERP. In fact, using ERP systems such as N41 is one of the best ways to take better control of your inventory management, giving you a much better…

Store Inventory Control: Maximize Efficiency and Productivity

March 11, 2024
eCommerce, Inventory Management

Store inventory control refers to keeping track of how many items are available at a retail store. This phrase also indicates everything involved in the process of ordering more stock. To get the full picture, it’s critical to include outgoing and incoming stock and items held in your warehouse. The goal of using store inventory control is to minimize the expense of hanging onto stock. Additionally, it’ll give you a much better feel for when it’s necessary to replenish stock,…