If you’ve ever had inventory sitting in the storeroom or warehouse unused, unsold, and taking up space – you’ve experience......
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MOQ, or minimum order quantity, is the smallest amount of goods a business is willing to sell to a customer while maintaining re......
Lack of transparency in the supply chain makes it difficult to respond to changes in demand and reduces your ability to identify......
Magento and WooCommerce are two of the big eCommerce website builders that business leaders love. But which is better? Let’......
If you’re buying or selling goods, you need to know what a purchase order is and how it works. Purchase orders enable easy and......
Inventory management software helps businesses keep track of stock and be more efficient in their daily operations. It automates......
The cost of sales is an inventory accounting metric that measures the accumulated costs in getting finished goods to market. It ......
Warehouse management is the vital link between receiving goods from suppliers and delivering orders to your customers. It’......
Long lead times can hurt sales and customer retention. If a customer has to wait an extra day for their order, they might decide......
A backorder presents an opportunity for businesses to continue to make sales on products that are temporarily out of stock. Good......
Rising energy, labour, and material cost are increasing the cost of production and cutting into profit margins. Manufacturing op......
While technology has been a focus in supply chain management for many years, in the end successful supply chains depended on peo......
Competitive pricing enables businesses to take advantage of their market by basing product prices on the competition instead of ......
How you assemble your products decides how efficiently your manufacturing business operates. Labour and technique impact product......
The inventory turnover ratio measures how often stock is sold and replaced over time. It’s a vital inventory accounting me......
Key Performance Indicators (KPIs) help manufacturers determine operational strengths and flaws. By tracking the right manufactur......
If manual processes are slowing your business and stunting your growth, it’s time to consider factory automation. In this guid......
Inventory is often the largest current asset in a business. How effectively it’s managed, tracked, and sold can mean the diffe......
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Sales and Operations Planning enables businesses to make the right decisions about where they spend their money, what products t......
Correctly attributing costs is critical in inventory management because it directly affects your profitability. This article cle......
Leftover stock at the end of the financial year directly impacts the amount of tax you pay. This article explains how unsold inv......
