The Inventory Management Digest

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Inventory

The True Costs of Carrying Inventory for Businesses

Download PDFEvery business owner should be aware that the true inventory cost goes far beyond the purchase cost. Actually, there …

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Accounting

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Accounting

Demand & Inventory Forecasting Methods Explained

Demand forecasting is basically looking into the future and predicting how your products will sell by using previous sales data …

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Accounting

Use This Formula to Calculate Economic Order Quantity (EOQ)

For many businesses, inventory is the biggest asset.  These companies must have enough inventory to satisfy the demand of their …

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Accounting

Moving Average Formula For Inventory Costs

Product cost variations affect the value of inventory and complicate the process of calculating costs of goods sold. For SMBs …

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Barcoding

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Barcoding

SKU vs. UPC – What’s The Difference Between Them?

Each product that a company stocks and sells should have its own identity, something to tell it apart from other …

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Barcoding

Step-By-Step Guide To Creating Your Own Barcodes

Creating powerful networks that help your company run smoothly is essential to building a successful retail business. A lot of …

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Barcoding

The 15 Essential Facts About 2D Barcodes

If you take a closer look at any modern barcode, you may notice that it contains not only stripes, but …

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Inventory

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Inventory

The Coca Cola Supply Chain & Manufacturing Process Explained

Coca-Cola is the most popular soft drink in the world. It’s sold almost everywhere, and its brand name is known …

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Inventory

An Overview of Dell’s Supply Chain Strategy

Dell entered the market in 1985, and evolved from a small, dorm-room based company in Texas to one of the …

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Inventory

How to Improve Your Warehouse Management System

A warehouse is not only a place to store your inventory. It also hosts all of the important logistics and …

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Small Business

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Small Business

The Different Roles of Packing Slips & Invoices

When you ship an order to a customer, you typically use two important documents: a packing slip and an invoice. …

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Small Business

Demand & Inventory Forecasting Methods Explained

Demand forecasting is basically looking into the future and predicting how your products will sell by using previous sales data …

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Small Business

Guide To Creating Your Own Bill of Materials Template

Consumers create shopping lists. Chefs create recipes. In the same way, manufacturers, builders and engineers will create a bill of …

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