Inventory control is the process of controlling and maintaining the right amount of inventory to maximize sales without oversupply.
Top 5 Inventory Management Tools Every Business Needs Built For 5 inventory tools to help with inventory control and management Inventory management can make or break a business. When inventory isn’t properly controlled, companies face challenges like missed sales opportunities, excess stock tying up cash, and costly stockouts that frustrate customers. As businesses grow and…
Lauren Stine, Onboarding Manager, demystifies COGS, answering “How do you calculate COGS?” and how inventory software simplifies the process and enhances accuracy.
Brad Bearden, Product Manager, answers: “What is EDI capable?”; The meaning of EDI capable; Components that make your business EDI capable; The benefits of being EDI capable and Brad presents a case study: The need for EDI capability to streamline operations
What is inventory turnover rate? How do you calculate inventory turnover rate? What should my rate be? Payton Viator, Senior Account Executive at Acctivate Inventory Software answers these questions and more.
How to manage inventory effectively: 5 components of successful inventory management Built For As a small business, you may feel you don’t have the right resources or enough time to manage inventory. However, with these five practices, you can ensure efficient inventory management for your business. My accounting knowledge has been a great compliment for…
What should be included in an inventory information system? Built For As you explore the possibilities and benefits of inventory management, you may be wondering, “What should be included in an inventory information system?” Good question. An inventory information system is the combination of inventory management software and inventory management processes & procedures to connect, track and manage the…