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......
A crystal ball sometimes wouldn’t go amiss in inventory forecasting. But in the absence of a magical tool, your best bet is to......
This article was updated in December 2021 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.webp)
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.webp)
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
To help your business become more financially free it pays to keep close attention to cashflow (among many other metrics and KPI......
Topic:
Inventory Reporting
When a company is going from strength to strength, it can sometimes be difficult not to get caught up in the successful wave of ......
Topic:
Inventory Reporting
Decision making in any area of life or business is best done with all the pertinent facts on hand so that it can be informed and......
