How to calculate margin vs. markup

Posted by Thomas Wong

If you’ve been wondering about the differences between Margin and Markup and how to calculate those figures, this is the article for you! We’ll explore the relationship between cost, price, markup, and margins.

Continue reading

Reorder point formula (and how to use it)

Posted by Thomas Wong

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.

Continue reading

Barcoding 101

Posted by Matthew Kostanecki

Barcoding your business is easy! This article will show you how to set up a complete barcoding system by printing your own barcodes and using scanners.

Continue reading

Inventory templates 101

Posted by Matthew Kostanecki

There are businesses just like yours who have already created standard forms to keep track of everything. So, instead of reinventing the wheel, it’s smarter to use standard templates that already exist. In this article, we’ll take a look at inventory templates you’ll be interested in.

Continue reading