All product-based businesses need to track the value of their inventory – and this goes double in a period of dramatic upheava......
In any business model, cutting unnecessary costs wherever possible is always a good strategy to improve company profitability. O......
The challenge of controlling inventory costs is a universal one for manufacturers, wholesalers and retailers alike. Inventory st......
Topic:
inventory cost
Inventory is one of the biggest assets and biggest costs for a business. It allows you to store a wide range of products to meet......
Inventory waste can cost your business valuable time and resources. Inventory ties up capital and if you’re not managing it ef......
Aged inventory generally refers to inventory stock that has been held for longer than six months usually due to low consumption ......
Do you know where your wallet is right now? Sure, every so often you misplace your wallet. It might end up in the pocket of a pa......
In today’s manufacturing arena, the common mantra is to produce more ‘faster, quicker, cheaper’ with the common goal being......
Accounting cost methods are used to control how a businesses inventory expenses appear on the company books. The weighted averag......
There is a positive correlation between the quality of a company’s inventory control and its financial performance. Many finan......
Inventory management is a key factor in the success of every business: from ordering inventory to counting stock accurately, und......
The weighted average cost method is one of three approaches of valuing your businesses inventory stock and determines the averag......
The weighted average cost method helps determine inventory valuation based on an average price per unit. The inventory is calcul......
There are a variety of ways to measure the value of your inventory. If you’re a business owner, you might look at different ta......
When the physical count and value of stock does not reconcile to the reported value from the accounting system, inventory shrink......
Inventory shrinkage creates problems for businesses as it leads to a loss of sales and profits. A 2016 National Security Survey ......
What is dead stock? Dead stock inventory are items in your business that has not been or cannot be sold – inventory that has n......
Dead stock is the inventory stock that sits forgotten in the back shelves and far recesses of your warehouse. It is not likely t......
Optimising the supply chain for efficiency can result in a reduction of costs by as much as 10 to 40%. But how do you go about c......
The types of inventory waste found in a business are not solely limited to damaged or outdated stock. Waste can be encountered i......
In a previous article, we discussed what Fulfilment by Amazon was, and the benefits it can bring to businesses. FBA can be a use......
