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

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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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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Inventory

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Inventory

How To Write Product Descriptions That Actually Convert To Sales

A product description should not just be a bland list of a product’s features. After the price of an item, a …

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Inventory

Inside IKEA’s Supply Chain & Inventory Management

Founded back in 1943 in Sweden, IKEA is now one of the world’s most well-regarded furniture and household appliance brands. …

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Inventory

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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Small Business

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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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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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