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 Olivia Barnes-Brett | Aug 4, 2022 | Accounting
Key takeaways The cost of goods sold (COGS) formula is: COGS = (Beginning Inventory + Purchases) – Ending Inventory = Cost of Goods Sold. COGS is essential for understanding the true cost of producing or purchasing goods and is a key metric to determine a...
by Olivia Barnes-Brett | Jul 13, 2022 | Inventory, Workflows
Order picking is an important part of warehouse management. With the right methods in place, businesses can reduce costs, boost productivity, and increase customer satisfaction. We delve into the world of warehouse order picking methods to help you make the best...
by Sharon Miki Chan | Nov 30, 2021 | Inventory
The past couple of years have forced businesses to step up to a myriad of new and unprecedented challenges, with the COVID-19 pandemic spurring widespread uncertainty, material shortages, shipping delays, dramatic shifts to consumer spending and other supply chain...
