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4 Causes of Inventory Discrepancy in Your Stocktaking (And What You Can Do About It) featured image
January 7, 2020
3 Minute Read

4 Causes of Inventory Discrepancy in Your Stocktak...

An inventory discrepancy happens when the actual on-hand inventory stock is different from the item quantity recorded in an inve......
Topic: inventory control inventory levels inventory management stocktake
3 Common Methods for Analysing Inventory on the Balance Sheet featured image
August 13, 2019
2 Minute Read

3 Common Methods for Analysing Inventory on the Ba...

Business owners need to take care when analysing information displayed in the company’s balance sheets. A statement of the ass......
Topic: inventory balance inventory levels inventory management inventory management system
What is a Deterministic Model of Inventory? featured image
May 18, 2019
3 Minute Read

What is a Deterministic Model of Inventory?

It is so important to maintain the optimum level of inventory, but sometimes it is easier said than done. The good news is that ......
Topic: inventory control inventory levels inventory management stock control
Understanding Inventory Par Levels in Business featured image
May 4, 2019
2 Minute Read

Understanding Inventory Par Levels in Business

As any business owner or inventory manager knows, balancing inventory and managing inventory levels effectively can be the backb......
Topic: inventory control inventory levels inventory management inventory management software stock control
How To: Improving Your Inventory Turnover Ratio featured image
December 7, 2018
3 Minute Read

How To: Improving Your Inventory Turnover Ratio

If you’re in business, you may have heard of something called inventory turnover. So, what exactly is it and why is it importa......
Topic: excess inventory inventory control inventory levels inventory management software
6 Ways SMEs Can Improve Inventory Turnover (And Why it Matters) featured image
November 30, 2018
6 Minute Read

6 Ways SMEs Can Improve Inventory Turnover (And Wh...

To ensure your small business is operating efficiently, effectively managing inventory and meeting customers’ needs, you shoul......
Topic: inventory levels inventory management inventory turnover
Accounting for Inventory: The Impact of Inventory Discrepancies on Financial Reporting featured image
October 25, 2018
3 Minute Read

Accounting for Inventory: The Impact of Inventory ...

Proper inventory valuation is important when accounting for inventory through financial reporting. If inventory is not correctly......
Topic: accurate stock levels inventory control inventory levels
How To Incorporate Demand Forecasting Into Your Business featured image
October 16, 2018
2 Minute Read

How To Incorporate Demand Forecasting Into Your Bu...

Demand forecasting is a fundamental part of the business. It plays an integral role in shaping how a business operates each mont......
Topic: inventory control inventory levels inventory management supply and demand
Don't Let Inventory Discrepancies Affect Your Accounting featured image
October 13, 2018
3 Minute Read

Don't Let Inventory Discrepancies Affect Your Acco...

A reliable stock taking procedure allows businesses to know its inventory count and value, not only informing decision-makers an......
Topic: accounting inventory accounting inventory levels stock take
How Smarter Businesses Plan to Forecast Demand featured image
October 10, 2018
2 Minute Read

How Smarter Businesses Plan to Forecast Demand

When many businesses forecast demand, even the most studious companies will not get it 100 percent accurate, instead of perfecti......
Topic: demand forecasting inventory control inventory forecasting inventory levels
Why You Need to Get Demand Forecasting Right featured image
October 8, 2018
2 Minute Read

Why You Need to Get Demand Forecasting Right

An accurate demand forecast is essential for good inventory management so it is vital that business owners get it right. In this......
Topic: demand forecasting inventory forecasting inventory levels inventory management
Zero Inventory: A Primer for Manufacturers featured image
October 1, 2018
3 Minute Read

Zero Inventory: A Primer for Manufacturers

With more and more businesses touting zero inventory as the secret to their success, boards and executive teams are increasingly......
Topic: inventory control inventory levels inventory management manufacturers
Take Stock: Cut Inventory Stock Costs to Zero featured image
September 26, 2018
2 Minute Read

Take Stock: Cut Inventory Stock Costs to Zero

Keeping inventory costs – a lot. Traditionally, manufacturing and distribution businesses have held inventory stock, usual......
Topic: inventory control inventory levels inventory stock
What is Zero Inventory and How Does it Work? featured image
September 26, 2018
3 Minute Read

What is Zero Inventory and How Does it Work?

Inventory control is undoubtedly one of the biggest challenges in supply chain management and poor forecasting can leave compani......
Topic: inventory control inventory levels inventory management
The Difference Between Safety Stock and Cycle Stock Inventory (And Why Safety Stock is so Important) featured image
September 18, 2018
5 Minute Read

The Difference Between Safety Stock and Cycle Stoc...

A company’s on-hand inventory stock generally consists of both safety stock and cycle stock inventory. The cycle stock is the ......
Topic: inventory control inventory levels inventory stock safety stock
Stock Taking for the Drinks Industry featured image
December 25, 2017
3 Minute Read

Stock Taking for the Drinks Industry

Inventory management and stock taking are painful processes for any business, however it seems it can be a far more daunting tas......
Topic: beverage beverage industry inventory levels stock levels stock take
Inventory Management Faux Pas featured image
December 6, 2017
3 Minute Read

Inventory Management Faux Pas

Inventory management is such an important part of business. It enables the smooth progression of inventory stock all the way fro......
Topic: distributors inventory levels inventory management wholesale
​Inventory​ ​Challenges During the Holiday Season featured image
December 4, 2017
3 Minute Read

​Inventory​ ​Challenges During the Holiday S...

The holiday season can be an exciting time for retailers and manufacturers. Businesses can expect a surge in demand, and hopeful......
Topic: inventory levels seasonal demand
The Art of Improving Inventory Management featured image
August 31, 2017
2 Minute Read

The Art of Improving Inventory Management

Inventory management is a key component of small, medium and large businesses. If there is one thing that they all have in commo......
Topic: inventory levels inventory management inventory management software inventory tracking stock levels
Stock Management Improvements For Better Performance featured image
August 17, 2017
2 Minute Read

Stock Management Improvements For Better Performan...

Stock management affects a company’s performance in many ways. Too little stock can lead to a reduction in sales and a loss of......
Topic: business performance inventory levels inventory management profitability stock management
Why correct inventory levels are a must featured image
August 1, 2017
2 Minute Read

Why correct inventory levels are a must

Keeping correct inventory records is a major management tool for any business that carries inventory. Businesses need to be able......
Topic: efficient inventory management inventory levels stock management stock take

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