by Olivia Barnes-Brett | Sep 6, 2022 | Inventory
Key takeaways A recession doesn’t automatically mean you should slash inventory or spending. The best approach is to identify which products, services, and tools truly add value and cut only the things your business can live without. Research on companies that...
by Olivia Barnes-Brett | Aug 5, 2022 | Accounting
Key takeaways Economic order quantity (EOQ), also known as optimum lot size, helps determine how much inventory to order each time to minimize total ordering and carrying costs. While reorder points focus on when to order the EOQ focuses on how much to order. The...
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...
