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3 of the most common inventory management mistakes

Jul 23, 2015
By Mandy
3 of the most common inventory management mistakes

In the world of inventory management all mistakes are costly. Errors throughout a business’ supply chain almost always filter down to place unnecessary burden on the bottom line. For any operations manager, it is extremely important to be aware of the common mistakes to look out for when overseeing inventory as well as to know how to prevent them from occurring in the first place.

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Back to Basics: The FIFO Method for Inventory Accounting

Jul 13, 2015
By Mandy
Back to Basics: The FIFO Method for Inventory Accounting

The current inventory ratio of a business is indicative of its liquidity, and the return on assets and return on equity – which is the indicator of its profitability – may turn favourable or adverse, depending on the cost-flow assumption. Hence, knowledge about the impact of the various cost-flow assumptions on the profitability and liquidity of a business will be helpful in making sound judgments and informed decisions. Keep reading to learn more.

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