Inventory

Inventory management methodologies, definitions, and best practices to manage and control your stock.

Inventory management: names and product types

By Thomas Wong  •  Read Time 3:00
Inventory Management: Product Names and Product Types

If you’re new to the concept of inventory tracking, this article shares a few basic tips on how to name your products, and set up your inventory software or spreadsheet to make it easier to track different types of items. Essentially, this boils down to carefully balancing quick human readability, while maintaining the ability to quickly sort and filter your products when needed.

By Thomas Wong  •  Read Time 3:00
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Inventory Management: Product Names and Product Types
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How consignment inventory could help your small business

By Thomas Wong  •  Read Time 4:15
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Consignment is one method of gaining a few extra sales, and increasing exposure of your products. The terms for consignment can vary a lot by industry, but it’s essentially a way to loan your products to a store (consignee), and they’ll pay your business a portion of the revenue if they sell it.

By Thomas Wong  •  Read Time 4:15
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What Is drop shipping, anyway?

By Thomas Wong  •  Read Time 02:50
Drop Shipping

It won’t be obvious to your customers, but drop shipping is a completely different way of fulfilling orders that relies a lot more on your vendors. This article quickly reviews the traditional retail fulfillment model and compares it to how drop shipments work.

By Thomas Wong  •  Read Time 02:50
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The reorder point formula and calculating safety stock

By Thomas Wong  •  Read Time 3:22
Reorder Point Formula

How little is too little? That’s exactly what your Reorder Point will help you determine. Let’s talk about the concept of reorder points, safety stock, and how to put those numbers together to make sure you have the right amount of stock on-hand.

By Thomas Wong  •  Read Time 3:22
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Inventory 101

By Matthew Kostanecki  •  Read Time 3:13
Inventory Management

Inventory management is the art and science of balancing supply and demand. The life of your business depends on it and in this article you’ll get a birds eye view of how you can master control of your inventory.

By Matthew Kostanecki  •  Read Time 3:13
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Inventory Management
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