Inventory Management Blog for SMBs

Every manufacturing company follows three primary phases in the manufacturing process. First, there is the sourcing of requisite raw materials from suppliers. Naturally, the second step uses these raw...

For any company to operate optimally, it is important to have an accurate valuation of its inventory. Inventory valuation has the potential to impact numerous business aspects such as...

The Periodic Inventory System is an inventory management tool where a physical count of available inventory is conducted on a periodic/scheduled basis.  It allows businesses to account for their...

Whether you run a multinational or a micro-enterprise, you agree with me that a healthy inventory is a crucial ingredient of business success. Management of costs, sales, or even...

One of the crucial elements of running any business is how effectively one can monitor its inventory. Over the years, numerous tools and ratios have come up to assist...

As a small business owner, your growth and success are dependent on closing sales. This is irrespective of whether you run a brick-and-mortar enterprise in a small town or...

You’ve recently started a warehouse related business but haven’t quite understood how to make it efficient. As you sit on your desk, you see the employees struggling to get...

As an entrepreneur, you are either providing services or selling tangible products to consumers. But you can still run a business that is a blend of the two categories....

Does your company sell goods or offer services to consumers? Well, as an experienced entrepreneur, maybe you appreciate how a healthy inventory is crucial for the former in meeting...

With multiple ways of labeling inventory within the business, it can be arduous to pick a solution that will work perfectly. Between SKU and UPC, there will be different...