Sep 16, 2017 | Business Tips
ShareTweetShare Do you want to know how to grow your business efficiently? Develop inventory KPIs. With them, you’ll have the data you need to make smart, strategic decisions for your business. There are many KPIs you can use to measure your performance, and we’ll...
Sep 2, 2017 | Business Tips
ShareTweetShare Do you have a traceability system in place that minimizes accounting errors? Can you verify the history and location of a set of goods in case of a product recall? Are you aware of which of your products are close to expiring and which aren’t? If you...
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...
