by Robert Brandon | Oct 28, 2024 | Inventory
Key takeaways Inventory shrinkage is the loss of stock due to factors like errors in inventory management, damage, or theft. High inventory shrink will increase the cost of goods sold (COGS) and decrease profit margins. Poor inventory management techniques, human...
by Jared Plumb | Sep 18, 2024 | Inventory
Key Takeaways MRO inventory stands for maintenance, repair, and operations. It’s a specific class of inventory that refers to materials and supplies used to keep business operations running. MRO inventory is not a part of the final product. Properly...
by Robert Brandon | Aug 13, 2024 | Accounting
Key takeaways Fill rate is a KPI that measures the number of orders a business is able to fulfill. Businesses can use this metric to identify problems with their inventory management, productivity, efficiency, and demand forecasting accuracy. The fill rate...
by Robert Brandon | Jul 18, 2024 | Inventory
Managing space has always been– and always will be– an important part of running any business. For most small businesses, that means carefully managing their available warehouse space. Unfortunately, as the price of…well, everything, increases across the board, so too...
by Jared Plumb | May 9, 2024 | Inventory
Running a business means wearing many different hats. You’ll need to manage client relationships, maintain the books, and keep up with your assets and inventory. Something you’ll quickly learn, though, is that much of what you do comes down to managing risk. And one...
