February 20, 2024 7 Minute Read What is LIFO? How the Last In First Out Method Wor... LIFO (last-in, first-out) is a method used by businesses to measure and account for the value of inventory goods. Although it ca...... Topic: inventory accounting inventory management Inventory Reporting
February 13, 2024 8 Minute Read Inventory Carrying Cost: Formula, Definition & How... Inventory carrying cost is an essential figure to understand. Without it, you’ll struggle to accurately measure profitability ...... Topic: inventory control inventory management Inventory Reporting
February 9, 2024 8 Minute Read What is Inventory Tracking? Methods, Challenges, &... Effective inventory tracking is a critical component of inventory management. It gives you the accurate data you need to make th...... Topic: inventory control inventory management inventory management software Inventory Reporting
January 30, 2024 8 Minute Read What is SKU Rationalisation? Process, Benefits, Be... Stock-keeping-unit (SKU) rationalisation is an inventory management method for improving the performance and profitability of yo...... Topic: inventory management inventory optimisation Inventory Reporting
January 23, 2024 6 Minute Read What is FIFO? First In, First Out Method Explained Organising your inventory and calculating the cost of your goods is a fundamental part of running an efficient business. Get thi...... Topic: accounting inventory accounting inventory management Inventory Reporting
January 17, 2024 5 Minute Read What is Landed Cost? Formula, Definition & How... Landed cost is a crucial metric for understanding profitability at the product level. It takes into account sales and production...... Topic: average landed cost inventory accounting inventory management Inventory Reporting supply chain
October 9, 2023 6 Minute Read Opening Inventory: Formula & How to Calculate Accurate inventory accounting requires accurate data. Opening inventory, correctly calculated, is an essential figure for determ...... Topic: inventory accounting inventory management Inventory Reporting
September 20, 2023 8 Minute Read MOQ Meaning: Minimum Order Quantity Made Easy [Wit... MOQ stands for Minimum Order Quantity: the smallest quantity of goods a business is willing to sell to a customer while maintain...... Topic: Inventory Reporting manufacturing supply chain management wholesale
August 7, 2023 12 Minute Read Competitive Pricing: Definition, Strategies, & Ben... Competitive pricing enables businesses to take advantage of their market by basing product prices on the competition instead of ...... Topic: eCommerce inventory accounting Inventory Reporting pricing strategy retail supply chain management
July 26, 2023 8 Minute Read Inventory Turnover Ratio: Definition & Improvement... The inventory turnover ratio measures how often stock is sold and replaced over time. It’s a vital inventory accounting me...... Topic: inventory control inventory management Inventory Reporting
July 24, 2023 12 Minute Read Manufacturing KPIs: 28 Production Metrics to Start... Key Performance Indicators (KPIs) help manufacturers determine operational strengths and flaws. By tracking the right manufactur...... Topic: Inventory Reporting manufacturing
July 13, 2023 8 Minute Read What is Inventory? Examples, Types, Techniques Inventory is often the largest current asset in a business. How effectively it’s managed, tracked, and sold can mean the diffe...... Topic: inventory control inventory management Inventory Reporting inventory stock
July 5, 2023 5 Minute Read How Does Unsold Inventory Affect Your Taxes? Leftover stock at the end of the financial year directly impacts the amount of tax you pay. This article explains how unsold inv...... Topic: inventory accounting Inventory Reporting
July 3, 2023 8 Minute Read Days Inventory Outstanding: Meaning, Formula & How... Days Inventory Outstanding (DIO) is a fundamental inventory metric for measuring efficiency and liquidity inside a product busin...... Topic: inventory accounting inventory control inventory management inventory management software Inventory Reporting
June 26, 2023 8 Minute Read Cycle Counting in Inventory Management Inaccurate inventory costs your business. It leads to unhappy customers, bad purchasing decisions, and more backorders. By perfo...... Topic: inventory accounting inventory control inventory management Inventory Reporting
June 21, 2023 8 Minute Read Why Too Much Inventory is Bad for Your Business Can a business hold too much inventory? Yes. And when it happens, a company’s ability to be agile and cost-efficient plummets....... Topic: inventory control inventory management Inventory Reporting
June 20, 2023 7 Minute Read Cash Conversion Cycle: What Every Product Seller M... The cash conversion cycle (CCC) represents the journey of cash within a business. It’s a primary indicator of your business’...... Topic: inventory management Inventory Reporting
June 16, 2023 9 Minute Read Cost of Goods Sold Formula (with examples) The Cost of Goods Sold formula is: opening inventory plus purchases and production costs minus closing inventory. This formula c...... Topic: accounting inventory management Inventory Reporting stock control
May 31, 2023 7 Minute Read Anticipation Inventory: Everything You Need to Kno... Seasonal spikes and boosts in customer demand are great – if you’ve got enough stock available to meet them. But if you donâ...... Topic: forecasting inventory management Inventory Reporting
May 29, 2023 8 Minute Read FIFO vs LIFO: Advantages & Disadvantages How you evaluate inventory can have major implications on your profitability. FIFO and LIFO are two common methods utilised for ...... Topic: accounting inventory management Inventory Reporting
May 26, 2023 7 Minute Read Inventory Planning Guide: Methods, Solutions &... Inventory planning enables you to maintain optimal inventory levels and steady cash flow. Without it, you’ll struggle to r...... Topic: demand forecasting inventory control inventory management inventory management software Inventory Reporting