One of the most critical activities when closing a financial year is calculating the ending inventory. It is every business man’s responsibility to know how much is left at...
Every company wants to keep tabs on their spending. Purchase orders help firms determine how much they need to spend on purchases. Well, the buying process doesn’t happen blindly...
Having an efficient warehouse will drastically improve in order fulfillment and have the right supply chain level—the level of efficiency in which your warehouse runs can make or break...
In our line of work we often get requests like, “I need an inventory management system for our tools.” Or “I need to track our inventory of laptops and...
As a small business owner of a wholesale or distribution business, there are so many metrics that you can apply to your business to assess your relative performance. Aside...
Many apps ago — a time where we could only dream of a mobile Internet and where phones were used strictly for phone calls, SMS and the occasional Snake...
Wholesalers and distributors occupy a special place in the market for goods and products. You could even say it’s an almost enviable position. You buy goods directly from manufacturers...
How Do You Get Your First Sale in 30 Days? Congratulations! So you started a wholesaling or distribution business after reading our guide about how to start a distribution...
You Might Be Committing These Mistakes Today! As an owner of a wholesale or distribution business, you’re doing everything possible to maintain your razor thin margins but — surprise,...
Calculating the Cost of Goods Sold (COGS) can be done in many different ways, but two of the most popular inventory costing methods are FIFO and Average Costing. Both...
