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Why Inventory Revaluation Is Your Next Important Task featured image
April 17, 2020
6 Minute Read

Why Inventory Revaluation Is Your Next Important T...

All product-based businesses need to track the value of their inventory – and this goes double in a period of dramatic upheava......
Topic: Covid-19 inventory cost
Reduce Your Inventory Costs With These Strategies featured image
March 12, 2020
3 Minute Read

Reduce Your Inventory Costs With These Strategies

In any business model, cutting unnecessary costs wherever possible is always a good strategy to improve company profitability. O......
Topic: inventory cost inventory management
The Why and How of Controlling Inventory Costs featured image
March 6, 2020
3 Minute Read

The Why and How of Controlling Inventory Costs

The challenge of controlling inventory costs is a universal one for manufacturers, wholesalers and retailers alike. Inventory st......
Topic: inventory cost
Get a Handle On Your Inventory Costs — Here's How featured image
February 18, 2020
2 Minute Read

Get a Handle On Your Inventory Costs — Here's Ho...

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......
Topic: inventory control inventory cost
5 Causes of Inventory Waste That's Costing Your Business and How to Avoid Them featured image
December 16, 2019
3 Minute Read

5 Causes of Inventory Waste That's Costing Your Bu...

Inventory waste can cost your business valuable time and resources. Inventory ties up capital and if you’re not managing it ef......
Topic: eliminate waste inventory control inventory cost inventory stock Manufacturing productivity
Aged Inventory Reports: What are they and how do they impact inventory control? featured image
October 30, 2019
3 Minute Read

Aged Inventory Reports: What are they and how do t...

Aged inventory generally refers to inventory stock that has been held for longer than six months usually due to low consumption ......
Topic: inventory control inventory cost Inventory Reporting
Is Your Inventory Management Helping Your Bottom Line? featured image
March 22, 2019
2 Minute Read

Is Your Inventory Management Helping Your Bottom L...

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......
Topic: inventory cost inventory management inventory turnover profitability stock turnover
Thrifty Inventory Management to Save Money and Increase Profits featured image
March 8, 2019
3 Minute Read

Thrifty Inventory Management to Save Money and Inc...

In today’s manufacturing arena, the common mantra is to produce more ‘faster, quicker, cheaper’ with the common goal being......
Topic: inventory control inventory cost inventory management supply chain
Inventory Accounting: When Should You Use the Weighted Average Cost? featured image
February 6, 2019
3 Minute Read

Inventory Accounting: When Should You Use the Weig...

Accounting cost methods are used to control how a businesses inventory expenses appear on the company books. The weighted averag......
Topic: cost of goods sold inventory accounting inventory cost inventory management
Improve Your Financial Health with Better Inventory Control featured image
February 5, 2019
3 Minute Read

Improve Your Financial Health with Better Inventor...

There is a positive correlation between the quality of a company’s inventory control and its financial performance. Many finan......
Topic: business costs inventory accounting inventory control inventory cost
The Weighted Average Cost Method: When should you use it? featured image
January 4, 2019
2 Minute Read

The Weighted Average Cost Method: When should you ...

Inventory management is a key factor in the success of every business: from ordering inventory to counting stock accurately, und......
Topic: average landed cost inventory cost inventory valuation
The Weighted Average Cost Method of Inventory Valuation featured image
December 17, 2018
3 Minute Read

The Weighted Average Cost Method of Inventory Valu...

The weighted average cost method is one of three approaches of valuing your businesses inventory stock and determines the averag......
Topic: accounting average landed cost business costs inventory accounting inventory cost inventory management inventory stock inventory valuation
Uncovering the Implications Behind the Weighted Average Cost Method featured image
December 11, 2018
2 Minute Read

Uncovering the Implications Behind the Weighted Av...

The weighted average cost method helps determine inventory valuation based on an average price per unit. The inventory is calcul......
Topic: inventory cost inventory stock stock valuation
How Does the Weighted Average Method Work? featured image
December 11, 2018
3 Minute Read

How Does the Weighted Average Method Work?

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......
Topic: business costs inventory cost inventory stock
Inventory Shrinkage: A Ballooning Problem Without Inventory Management featured image
October 6, 2018
3 Minute Read

Inventory Shrinkage: A Ballooning Problem Without ...

When the physical count and value of stock does not reconcile to the reported value from the accounting system, inventory shrink......
Topic: inventory control inventory cost inventory management
3 Ways to Combat Inventory Shrinkage featured image
September 28, 2018
2 Minute Read

3 Ways to Combat Inventory Shrinkage

Inventory shrinkage creates problems for businesses as it leads to a loss of sales and profits. A 2016 National Security Survey ......
Topic: inventory control inventory cost inventory management
3 Causes of Dead Stock Inventory That's Costing Your Business featured image
September 17, 2018
3 Minute Read

3 Causes of Dead Stock Inventory That's Costing Yo...

What is dead stock? Dead stock inventory are items in your business that has not been or cannot be sold – inventory that has n......
Topic: inventory control inventory cost stock management
4 Ways to Rid Your Inventory of Dead Stock featured image
September 11, 2018
2 Minute Read

4 Ways to Rid Your Inventory of Dead Stock

Dead stock is the inventory stock that sits forgotten in the back shelves and far recesses of your warehouse. It is not likely t......
Topic: inventory control inventory cost inventory holding costs
How Can You Optimise Your Supply Chain? featured image
August 14, 2018
3 Minute Read

How Can You Optimise Your Supply Chain?

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......
Topic: business efficiency inventory cost manufacturing supply chain
5 Types of Inventory Waste That Are Costing You Money featured image
August 11, 2018
3 Minute Read

5 Types of Inventory Waste That Are Costing You Mo...

The types of inventory waste found in a business are not solely limited to damaged or outdated stock. Waste can be encountered i......
Topic: inventory control inventory cost inventory stock waste reduction
Unravelling the Costs of FBA featured image
July 24, 2018
3 Minute Read

Unravelling the Costs of FBA

In a previous article, we discussed what Fulfilment by Amazon was, and the benefits it can bring to businesses. FBA can be a use......
Topic: Amazon inventory cost inventory stock
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