by Robert Brandon | Jul 25, 2024 | Accounting
Key takeaways MOQ (Minimum Order Quantity) is the minimum number of units a business is willing to sell per order to ensure a certain profit margin with each sale by covering the cost of goods sold (COGS). Formula: Minimum Order Quantity = Total Cost of Order /...
by Robert Brandon | Jul 18, 2024 | Inventory
Managing space has always been– and always will be– an important part of running any business. For most small businesses, that means carefully managing their available warehouse space. Unfortunately, as the price of…well, everything, increases across the board, so too...
by Robert Brandon | Feb 28, 2024 | Accounting
Average order value (AOV) is a valuable metric for businesses looking to grow. It helps businesses gauge customer spending and identify strategies to increase sales, such as upselling or enhancing product bundles. By focusing on AOV, companies can optimize marketing...
by inFlow Inventory | Feb 22, 2024 | Workflows
Computer vision utilizes AI-powered cameras and image recognition software to automatically monitor inventory levels, track product movements, and identify discrepancies in real-time. Companies like Amazon and Walmart have already begun adopting computer vision...
by Robert Brandon | Feb 14, 2024 | Inventory
Effective inventory valuation and management is vital for the success of many organizations. Not only does that data give information on what changes or tweaks a business needs to make, but it’s also crucial for tax reporting purposes. Incorrect or lazy valuation can...
