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 …
Read MoreAccounting
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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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
Small Business
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Small Business
Build Your Retail Calendar Around These Dates
At the beginning of every year, retailers start planning their sales and marketing campaigns around important dates and holidays. Building …
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. …
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 …