The inventory turnover ratio measures how often stock is sold and replaced over time. It’s a vital inventory accounting me......
Inventory is often the largest current asset in a business. How effectively it’s managed, tracked, and sold can mean the diffe......
Days Inventory Outstanding (DIO) is a fundamental inventory metric for measuring efficiency and liquidity inside a product busin......
Inaccurate inventory costs your business. It leads to unhappy customers, bad purchasing decisions, and more backorders. But by p......
Product bundling is an effective strategy for increasing revenue and clearing old stock. It enables businesses to move products ......
Can a business hold too much inventory? Yes. And when it happens, a company’s ability to be agile and cost-efficient plummets.......
When calculating inventory costs, not all stock is alike. Knowing the different types of inventory and how they impact your cost......
Inventory optimisation is the process that enables efficient inventory management. It allows businesses to sustainably control s......
Southern Ropes, a rope manufacturer and marine supply store based in the UK, were previously relying on QuickBooks Desktop for a......
Businesses that deal with products need some sort of system in place for managing stock. But if you’re on a tight budget, or y......
As product businesses grow, the number of SKUs and complications typically grow too. At a certain point, manual inventory manage......
Inventory planning enables you to maintain optimal inventory levels and steady cash flow. Without it, you’ll struggle to r......
Efficiency gains on the warehouse floor, even small ones, are essential in keeping overhead costs manageable and profit margins ......
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Consignment inventory is stock that is stored with the purchasing company (the consignee) rather than the selling company (the c......
An endless aisle strategy can help you overcome the challenges of limited storage and locked-up cash flow. For retailers, this u......
An inventory control chart is an immensely helpful tool for demand forecasting and inventory management. It helps businesses det......
The inventory accounting methods used by a business directly affect any financial decisions you make. Understanding the differen......
Effective inventory management comes down to good systems, good processes, and constant improvement. The last of these can be ac......
Accurate stock levels and precise, real-time locations are crucial for the success of product businesses. Inventory tracking sof......
The success of your business depends on satisfied customers, so you must ensure all aspects of your order management are optimis......
If you’re running a product business and using Xero for your accounting, you’ll need to implement some form of inventory man......
