An inventory discrepancy happens when the actual on-hand inventory stock is different from the item quantity recorded in an inve......
It is so important to maintain the optimum level of inventory, but sometimes it is easier said than done. The good news is that ......
If you’re in business, you may have heard of something called inventory turnover. So, what exactly is it and why is it importa......
This article was updated in March 2023 to reflect new information, current trends, and adjusted statistics. To ensure your small......
Proper inventory valuation is important when accounting for inventory through financial reporting. If inventory is not correctly......
With more and more businesses touting zero inventory as the secret to their success, boards and executive teams are increasingly......
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......
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......
Having too little product on hand can have far-reaching consequences for your business. Take for example the retailer Lululemon,......
Inventory control is essentially about reducing costs and improving service. It is also how you manage your working capital to m......
