The Inventory Management Digest

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Inventory

The True Costs of Carrying Inventory for Businesses

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

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Accounting

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Accounting

What Is Sell Through Rate & How To Calculate It

Sell through rate is a calculation that evaluates the performance and ROI of certain inventory items during sales. To be …

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Accounting

The Most Common Asset Depreciation Methods

Before we start explaining what is asset depreciation and what are the best depreciation methods, let’s first define the “fixed …

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Accounting

How to Calculate Beginning & Ending Inventory Costs

Beginning inventory, or opening inventory, is your inventory value at the start of an accounting period (typically a year or …

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Barcoding

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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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Barcoding

How To Use QR Codes Effectively

It is hard to imagine today’s everyday life without QR codes. They have become so integrated into our routines that …

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Barcoding

Barcoding, Barcode Scanners & Generators

Barcodes have become an integral part of our day-to-day lives, even if you don’t consciously think about them. Scanning barcodes …

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Inventory

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Inventory

FIFO and LIFO: Which Works Better for Inventory?

FIFO and LIFO are two methods of inventory valuation. Inventory valuation helps to determine the Cost of Goods Sold (COGS) …

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Inventory

Breaking Down Average Cost Method for Inventory

Average cost method, or weighted average, is one of the inventory valuation methods that help to calculate the cost of …

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Inventory

What Is Inventory Control & Why Is It Important?

Inventory control refers to managing the flow of goods from manufacturers to warehouses and from warehouses to points of sale. …

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Small Business

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Small Business

How to Improve Vendor Relationship Management

Relationships are the cornerstones of every business, especially when those relationship affect the efficiency of your supply chain. That’s exactly …

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Small Business

Understanding Credit Card Processing Fees for Businesses

There are a lot of costs you should take on as a business owner. You should have adequate office space …

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Small Business

How to Find Wholesale Distributors For Your Products

One of your key tasks as a business owner is looking for ways to sell your branded products. There are …

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