If you’ve got a business that’s doing well, you’ll want to expand on that success, right? But not all growth is sustainabl......
![Inventory Write-offs: All You Need to Know [+ journal entries] featured image](https://www.unleashedsoftware.com/wp-content/uploads/2023/01/inventory-write-off-banner.jpg)
There are many ways products can become unsaleable: Water damage, expiration, theft, and obsoletion to name but a few. And......
These days, it’s easier than ever to start a successful business. That means there’s plenty of competition for everyone. Sup......
There are a lot of inventory performance measures you could track. These are the 10 most crucial metrics for SMEs – so you can......
Many eCommerce businesses grow quickly. And as managers become busy focusing on increasing sales and expanding into new markets,......
In the ongoing battle to keep costs down while still meeting demand, inventory managers look for ways to figure out what their i......
This article was updated January 2023 to reflect current market trends and statistics. A crystal ball sometimes wouldn’t go am......
This article was updated in January 2023 to reflect changing conditions, prices and trends. Beer — it’s been a staple ......
The inventory turnover formula is: Inventory turnover = Cost of Goods Sold / Average inventory. Inventory turnover is a key rati......
The average inventory formula is: Average inventory = (Beginning inventory + Ending inventory) / 2. However there’s more t......
An important part of supply chain management, supply chain risk management is the process of identifying and managing issues wit......
![The Reorder Point Formula: All You Need to Know [+ Video] featured image](https://www.unleashedsoftware.com/wp-content/uploads/2020/12/bakery_unsplash.jpg)
The reorder point formula is your average daily use, multiplied by your average lead time in days – plus safety stock. Express......
SKU codes are everywhere – built into sales and inventory management platforms, and broken down line-by-line in all sorts of i......
![How to Calculate Safety Stock [+ Video, Formulas & Calculator] featured image](https://www.unleashedsoftware.com/wp-content/uploads/2020/11/pexels-tiger-lily-4484078-1.jpg)
To calculate safety stock, work out your average daily use for a product and multiply it by its average lead time – how long i......
Calculating ending inventory at the end of a financial year can be a challenge. It’s a time when you’re likely juggl......
Inventory reporting is the pits, right? The pits, as in, no one has ever said “I wish my inventory reporting wasn’t over for......
As governments and hospitals work to stamp out Covid-19, manufacturers are also struggling to manage the virus’ impact on thei......
Confronted with a pandemic, we’ve seen global supply chains struggle to cope with the consequences of isolation and work-from-......
Globalisation means that our supply chains are more entwined and complex than ever. When a global disruption like the ongoing Co......
Business reporting and business intelligence (BI) are often referred to interchangeably, but the two are not the same. Both are ......
Reporting and Business Intelligence (BI) are both incredibly vital tools for your business and each has a strong suit. In this a......
Topic:
Inventory Reporting
