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...
The rate of generating revenue from your business is directly proportional to the efficiency of your Inventory management System. This article throws light on one of the vital components...
Why You Need to Deal with Multiple Currencies You’ve most likely heard of the phrase, “Money Makes The World Go Round” from a famous musical play. Perhaps it should...
In small and medium businesses there are many small factors that influence healthy profits. One of the main subparts of the of the retailing business is the transportation of...
How’s Your Business Doing? As a busy wholesaler and distributor, in between receiving purchases and fulfilling orders, I’m sure you must wonder how your business is doing. You can...
What is Inventory Forecasting? You must surely know the story of Goldilocks and the Three Bears? Wait, what has this got to do with inventory forecasting? The Goldilocks Principle...
Not Another List of Inventory Management Techniques! I want to start by saying that this is not an exhaustive list of all the possible inventory management techniques available for...
After consulting trading & distribution companies for years, I realised that some companies track nothing or everything. Both is equally deadly. Needless to say, not tracking is doing business...
As a manufacturer of goods, you’re likely to have finished goods inventory in your business. Plus there’s raw materials and unfinished goods to take stock of too. In addition...
Many trading and distribution companies often have a major headache when it comes to the crossroads of choosing periodic or perpetual inventory management. Here at EMERGE App, we want...
