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
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...
