Improve efficiency and accuracy in managing your inventory with our comprehensive inventory control solutions. Our category offers insights, best practices, and tools to streamline inventory processes, optimize stock levels, and minimize costs. Explore our inventory control resources to enhance your inventory management skills and achieve better control over your business’s supply chain.
You’re running a business, and you want to understand how efficiently your company manages its inventory. That’s where “Days Sales in Inventory” (DSI) comes into play. It’s a valuable financial metric that ... Read more
Good business decisions can not be taken without knowing the company’s financial health. Hence, inventory valuation is important for businesses to accurately estimate the value of the goods they hold. It enables ... Read more
Stocktaking, also known as inventory counting, is the process of physically counting the items in a warehouse or store to determine the exact quantity on hand. This information is crucial for businesses ... Read more
Stocktaking is the process of physically counting and verifying the quantities of items in a company’s inventory. It is an important part of inventory management, as it helps ensure that the inventory ... Read more
A physical count is a process of physically verifying the quantity of items in your inventory by physically counting each item. This is typically done by selecting a representative sample of items ... Read more
Running a successful business demands effective inventory management. This involves keeping low levels of inventories by providing the right products at the appropriate time and reducing the associated costs. These analyses are carried out ... Read more
The VED analysis is based on the importance or value of inventory items to a business. VED analysis is based on the criticality of an item. It is used to classify inventory items ... Read more
Inventory analysis aims to strike the perfect balance between having sufficient inventory to meet customer demands and avoiding excessive inventory that can tie up capital and lead to increased carrying costs. In ... Read more
Every professional business needs some set of rules and standard policies to act in a particular situation. Different situations in business require a different set of policies. Similarly, business offices of companies ... Read more
Inventory is invested working capital of the business. It is the most crucial part of any production-based business. Inventory is also termed as stock or material. And managing whole inventory-related tasks is ... Read more