by Robert Brandon | Aug 22, 2023 | Inventory
Businesses run on cash flow. That’s a simple fact that no one can ignore, not even mega-corporations like Walmart and Amazon. For retailers, this extends to inventory. Put simply, no cash flow means no cash to purchase more inventory, which means no sales. This...
by Robert Brandon | Aug 15, 2023 | Inventory
Dead stock, also called deadstock, refers to unsold inventory that remains in storage without contributing to revenue. It takes up valuable space, ties up working capital, and often signals inefficiencies in procurement, forecasting, or inventory management. The...
by Robert Brandon | Jul 18, 2023 | Accounting
Key takeaways QuickBooks inventory management provides features like real-time updates and low-stock alerts. Tracking inventory with QuickBooks lacks advanced capabilities such as detailed reporting and manufacturing features, which can limit its usefulness to many...
by inFlow Inventory | May 19, 2023 | Inventory
Key takeaways An inventory audit compares your physical stock with your recorded inventory to ensure accuracy in financial records and inventory tracking. Audits help businesses calculate profits more accurately by providing reliable inventory data and insights into...
by inFlow Inventory | May 12, 2023 | Inventory
Key takeaways Ecommerce businesses should regularly reevaluate their inventory management approach, choosing methods such as JIT, FIFO, dropshipping, or 3PL fulfillment based on their specific needs. Barcode scanning can improve inventory accuracy, reduce human error,...
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