by Olivia Barnes-Brett | Sep 6, 2022 | Inventory
Feeling a little nervous about your business’s future? You’re not alone. Data suggests that overall confidence amongst small business owners is at its lowest since at least 2017, when the survey began. But it’s not all bad news. Even with talks of a...
by Olivia Barnes-Brett | Aug 5, 2022 | Accounting
Economic order quantity (EOQ) is sometimes called the optimum lot size. It aims to tell you the optimal order quantity for a specific inventory product, so you know how much to purchase each time. The aim is to make ordering as cost-effective as possible. You might...
by Sharon Miki Chan | Oct 4, 2021 | Inventory
Just ask any construction worker framing a building: While you could MacGyver two pieces of wood together with whatever items you have on hand, you’ll get the job done faster — and better — if you use the right tools. Similarly, while the mechanics of...
