by inFlow Inventory | Nov 22, 2023 | Inventory
Every fresh piece of produce or beautifully baked loaf of bread has a limited lifespan. When food starts to go bad, you must pull it from the shelves and throw it away. It is no longer considered safe for human consumption. Unfortunately, Americans waste nearly 40...
by Robert Brandon | Jul 18, 2023 | Accounting
Key takeaways QuickBooks inventory management provides features like real-time updates and low-stock alerts. Tracking inventory with QuickBooks lacks advanced capabilities such as detailed reporting and manufacturing features, which can limit its usefulness to many...
by inFlow Inventory | May 19, 2023 | Inventory
Key takeaways An inventory audit compares your physical stock with your recorded inventory to ensure accuracy in financial records and inventory tracking. Audits help businesses calculate profits more accurately by providing reliable inventory data and insights into...
by Robert Brandon | Mar 1, 2023 | Workflows
Key takeaways Lean manufacturing principles focus on minimizing waste while maximizing efficiency in the manufacturing process. Lean manufacturing originated from the Toyota Production System (TPS) and is built on two main pillars: Just-in-Time (JIT) inventory and...
by Robert Brandon | Feb 10, 2023 | Workflows
Key takeaways A bill of materials (BOM) is a detailed list of all components, raw materials, and procedures required to manufacture a product. Every BOM should include consistent details such as assembly name, material quantities, costs, part numbers, and the general...
