QuickBooks inventory management blog

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Do You Know Your True Product Cost?

Landed cost includes everything from the amount paid for the product and shipping charges to customs fees and insurance. Knowing your landed cost can help you set more accurate prices, manage your inventory better, and boost your profit margins. In this article, we’ll break down landed cost, why it’s essential, and how you can calculate it to ensure you’re truly on top of your business finances.

People around elements that represent purchasing management to represent making smart purchasing decisions.

Making Better Purchasing Decisions

Making smart purchasing decisions is vital to running a successful business, whether you’re buying products for resale or raw materials for manufacturing. Every choice you make impacts your bottom line, from securing the best prices to ensuring you have the right amount of stock.
With the right strategies, you can optimize your purchasing process, reduce costs, and keep your operations running smoothly.

Person in warehouse picking boxes off shelf representing faster inventory turns due to high sales

How to Achieve Faster Inventory Turns

In this article, we’ll delve into what inventory turns are all about, why they matter, and share some tips to help you speed up your inventory turnover. By fine-tuning your inventory management, you can boost your efficiency and increase your profits. Let’s get started!
By leveraging software solutions, businesses gain better control over their inventory, reduce waste, and enhance overall efficiency. In this article, we’ll explore the impact of inventory waste, the benefits of using software solutions, and key features to look for in inventory management software.