An inventory discrepancy happens when the actual on-hand inventory stock is different from the item quantity recorded in an inve......
Business owners need to take care when analysing information displayed in the company’s balance sheets. A statement of the ass......
It is so important to maintain the optimum level of inventory, but sometimes it is easier said than done. The good news is that ......
As any business owner or inventory manager knows, balancing inventory and managing inventory levels effectively can be the backb......
If you’re in business, you may have heard of something called inventory turnover. So, what exactly is it and why is it importa......
To ensure your small business is operating efficiently, effectively managing inventory and meeting customers’ needs, you shoul......
Proper inventory valuation is important when accounting for inventory through financial reporting. If inventory is not correctly......
Demand forecasting is a fundamental part of the business. It plays an integral role in shaping how a business operates each mont......
A reliable stock taking procedure allows businesses to know its inventory count and value, not only informing decision-makers an......
When many businesses forecast demand, even the most studious companies will not get it 100 percent accurate, instead of perfecti......
An accurate demand forecast is essential for good inventory management so it is vital that business owners get it right. In this......
With more and more businesses touting zero inventory as the secret to their success, boards and executive teams are increasingly......
Keeping inventory costs – a lot. Traditionally, manufacturing and distribution businesses have held inventory stock, usual......
Inventory control is undoubtedly one of the biggest challenges in supply chain management and poor forecasting can leave compani......
A company’s on-hand inventory stock generally consists of both safety stock and cycle stock inventory. The cycle stock is the ......
Inventory management and stock taking are painful processes for any business, however it seems it can be a far more daunting tas......
Inventory management is such an important part of business. It enables the smooth progression of inventory stock all the way fro......
The holiday season can be an exciting time for retailers and manufacturers. Businesses can expect a surge in demand, and hopeful......
Inventory management is a key component of small, medium and large businesses. If there is one thing that they all have in commo......
Stock management affects a company’s performance in many ways. Too little stock can lead to a reduction in sales and a loss of......
Keeping correct inventory records is a major management tool for any business that carries inventory. Businesses need to be able......
