Jul 29, 2017 | Business Tips
ShareTweetShare What would happen if there was a sudden spike in market demand for your products? Would you have enough inventory to satisfy your customers? Or would you have to hang up the dreaded “out of stock” sign? If you’re unsure, then you probably need to...
Jul 22, 2017 | Business Tips
ShareTweetShare Every physical goods business has to make a choice between periodic vs perpetual inventory. Unfortunately, it’s hardly an easy choice to make. On the one hand, you have the manual, inexpensive, tried-and-true periodic inventory tracking system that has...
Jul 8, 2017 | Business Tips
ShareTweetShare Just-in-time (JIT) inventory was developed in post-world war II Japan when the country had few resources, little money, and high unemployment. It helped Toyota become one of the dominant car manufacturers in the world by making every step of the...
Jul 1, 2017 | Business Tips
ShareTweetShare Your rate of inventory turnover is a key metric to understand if you want to optimize your cash flow, working capital, and inventory costs. By calculating your rate of inventory turnover, you’ll have a better grasp on the market demand for your...
Jun 17, 2017 | Business Tips
ShareTweetShare Working Capital is an important financial metric for understanding your company’s operating liquidity (the ability to convert your assets into cash for the purpose of paying the bills). Knowing your amount of working capital can also guide your...
