The difficulties of inventory management can be minimised simply by utilising purpose-built software, tried and true methods and......
What is dead stock? Dead stock inventory are items in your business that has not been or cannot be sold – inventory that has n......
Gift giving is a major part of the holiday season. As a result, the holiday seasons is hectic, not only for the consumers, but a......
Inventory management is crucial for a company. Holding inventory stock ties up a lot of a company’s cashflow and just like cas......
Performing a complete stock take at least once year can be tedious, however it is critical for maintaining healthy inventory lev......
A stock take is a record of the inventory a business has on hand. A stock take needs to be conducted at least once a year but wi......
Seasonality refers to fluctuating business conditions that correspond to defined seasons, such as winter or Christmas time. Duri......
The primary reason for holding stock is to generate revenue through the sale of goods and services. To avoid the risk of a stock......
The market for processed foods has undergone a significant transformation in the past decade, with a decisive shift towards prem......
Inventory management software can be costly, especially if you are a small business. However, if incorporated into a business pr......
Understanding what impacts your inventory management system is crucial, regardless of what type of business you run. These facto......
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......
Inventory management is a core business function which is responsible for all decisions about all goods and materials in an orga......
The inventory turnover ratio is the number of times a business sells and replaces inventory within a specified period. In effect......
For many businesses, inventory is one of the largest items on the balance sheet, so it is important to understand what constitut......
Keeping inventory records on Excel spreadsheets has a fatal flaw for businesses – they won’t tell you when it’s time to pu......
