Periodic inventory vs perpetual inventory

Periodic vs. perpetual inventory

Posted by Thomas Wong

There are two methods for tracking and accounting for your products: the periodic and perpetual inventory systems. The periodic system is easier to start out with because it is less complex, but we’d suggest the perpetual inventory system for all but the smallest of businesses. It’s a more accurate system for your business to grow […]

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Track your products by serial and lot numbers

Posted by Thomas Wong

Tracking inventory accurately can require more than just stock counts. Many products can have lot, batch, or serial numbers attached to them — and properly managing these is just as important as monitoring your inventory levels. Lot and serial numbers are tracked through the manufacturing process, delivery to retail stores, and right through to the […]

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Two jars, one nearly empty: "not enough safety stock"

Safety stock and reordering

Posted by Thomas Wong

Your safety stock and reorder point help you determine how low your stock can get before you need to order more. If you don’t reorder when you reach your reorder point, you’re likely to run out of stock. Safety stock contributes to your reorder point by accounting for things like: delays in shipping, sudden increases […]

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inFlow Cloud on a large monitor

Still keeping inventory on spreadsheets or paper?

Posted by Thomas Wong

When you’re managing your own small business, a lot of your time and energy is used up on day to day operations. So when you pick the tools to keep your inventory accurate, it can be easy to rely on the ones you are already familiar with. In fact, many of our current customers tell […]

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