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Product Portfolio: Definition, Examples, Guide featured image
January 20, 2023
8 Minute Read

Product Portfolio: Definition, Examples, Guide

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......
Topic: inventory management Inventory Reporting manufacturing supply chain
Inventory Write-offs: All You Need to Know [+ journal entries] featured image
January 12, 2023
11 Minute Read

Inventory Write-offs: All You Need to Know [+ jour...

There are many ways products can become unsaleable: Water damage, expiration, theft, and obsoletion to name but a few.  And......
Topic: accounting inventory control inventory management inventory management software Inventory Reporting partners
Supply Chain Planning: How to Optimise Your Supply Chain featured image
January 11, 2023
8 Minute Read

Supply Chain Planning: How to Optimise Your Supply...

These days, it’s easier than ever to start a successful business. That means there’s plenty of competition for everyone. Sup......
Topic: inventory management Inventory Reporting supplier management supply chain supply chain management
The 10 Most Crucial Inventory Performance Measures for SMEs featured image
May 3, 2022
12 Minute Read

The 10 Most Crucial Inventory Performance Measures...

There are a lot of inventory performance measures you could track. These are the 10 most crucial metrics for SMEs – so you can......
Topic: inventory management inventory management software Inventory Reporting
eCommerce Accounting: Experts on the Top 3 Mistakes to Avoid  featured image
March 18, 2022
4 Minute Read

eCommerce Accounting: Experts on the Top 3 Mistake...

Many eCommerce businesses grow quickly. And as managers become busy focusing on increasing sales and expanding into new markets,......
Topic: inventory management inventory management software Inventory Reporting
Economic order quantity explained + formulas & how to use them featured image
January 18, 2022
7 Minute Read

Economic order quantity explained + formulas & how...

In the ongoing battle to keep costs down while still meeting demand, inventory managers look for ways to figure out what their i......
Topic: inventory management inventory management software Inventory Reporting
Inventory Forecasting Explained: The 2023 Guide featured image
August 24, 2021
9 Minute Read

Inventory Forecasting Explained: The 2023 Guide

This article was updated January 2023 to reflect current market trends and statistics. A crystal ball sometimes wouldn’t go am......
Topic: inventory management inventory management software Inventory Reporting
The Beer Supply Chain in 2023 and Beyond featured image
January 12, 2021
8 Minute Read

The Beer Supply Chain in 2023 and Beyond

This article was updated in January 2023 to reflect changing conditions, prices and trends.  Beer — it’s been a staple ......
Topic: beer brewery inventory management brewery software Inventory Reporting
The Inventory Turnover Formula: Calculating Inventory Turnover featured image
January 6, 2021
9 Minute Read

The Inventory Turnover Formula: Calculating Invent...

The inventory turnover formula is: Inventory turnover = Cost of Goods Sold / Average inventory. Inventory turnover is a key rati......
Topic: inventory management inventory management software Inventory Reporting
How to Calculate Average Inventory – The Complete Guide featured image
December 10, 2020
5 Minute Read

How to Calculate Average Inventory – The Complet...

The average inventory formula is: Average inventory = (Beginning inventory + Ending inventory) / 2. However there’s more t......
Topic: inventory management inventory management software Inventory Reporting stock control
Supply Chain Risk Management – The Best Advice for SMEs featured image
December 8, 2020
9 Minute Read

Supply Chain Risk Management – The Best Advice f...

An important part of supply chain management, supply chain risk management is the process of identifying and managing issues wit......
Topic: Inventory Reporting risk management supply chain supply chain challenges supply chain management supply chain risk
The Reorder Point Formula: All You Need to Know [+ Video] featured image
December 3, 2020
7 Minute Read

The Reorder Point Formula: All You Need to Know [+...

The reorder point formula is your average daily use, multiplied by your average lead time in days – plus safety stock. Express......
Topic: Inventory Metrics Inventory Reporting stock reorder
What is SKU? A complete guide to Stock Keeping Units featured image
December 1, 2020
9 Minute Read

What is SKU? A complete guide to Stock Keeping Uni...

SKU codes are everywhere – built into sales and inventory management platforms, and broken down line-by-line in all sorts of i......
Topic: Inventory Metrics Inventory Reporting SKU
How to Calculate Safety Stock [+ Video, Formulas & Calculator] featured image
November 27, 2020
6 Minute Read

How to Calculate Safety Stock [+ Video, Formulas &...

To calculate safety stock, work out your average daily use for a product and multiply it by its average lead time – how long i......
Topic: accurate inventory excess inventory inventory management Inventory Metrics Inventory Reporting safety stock
How to Calculate Ending Inventory – The Complete Guide featured image
November 25, 2020
6 Minute Read

How to Calculate Ending Inventory – The Complete...

Calculating ending inventory at the end of a financial year can be a challenge. It’s a time when you’re likely juggl......
Topic: Inventory Reporting inventory valuation inventory value
Really hate running inventory reports? You need to read this featured image
July 24, 2020
5 Minute Read

Really hate running inventory reports? You need to...

Inventory reporting is the pits, right? The pits, as in, no one has ever said “I wish my inventory reporting wasn’t over for......
Topic: BI Business Intelligence Inventory Reporting
Why We Think The Just In Time Supply Chain Isn't Broken featured image
May 11, 2020
8 Minute Read

Why We Think The Just In Time Supply Chain Isn't B...

As governments and hospitals work to stamp out Covid-19, manufacturers are also struggling to manage the virus’ impact on thei......
Topic: Covid-19 Inventory Reporting JIT just-in-time manufacturing Manufacturing productivity push and pull production supply chain
Building Recession-beating Supply Chain Resilience & Agility featured image
April 21, 2020
6 Minute Read

Building Recession-beating Supply Chain Resilience...

Confronted with a pandemic, we’ve seen global supply chains struggle to cope with the consequences of isolation and work-from-......
Topic: Covid-19 Inventory Reporting manufacturing supply chain challenges supply chain management
Recommendations for Managing Supply Chain Risks and Challenges featured image
March 4, 2020
3 Minute Read

Recommendations for Managing Supply Chain Risks an...

Globalisation means that our supply chains are more entwined and complex than ever. When a global disruption like the ongoing Co......
Topic: Covid-19 Inventory Reporting supply chain supply chain challenges supply chain management supply chain risk
Business Reporting and Business Intelligence: What’s the difference? featured image
March 3, 2020
3 Minute Read

Business Reporting and Business Intelligence: What...

Business reporting and business intelligence (BI) are often referred to interchangeably, but the two are not the same. Both are ......
Topic: Inventory Reporting Real-Time Reporting
How Do You Distinguish Between Reporting and BI? featured image
February 27, 2020
4 Minute Read

How Do You Distinguish Between Reporting and BI?

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
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