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
In the 21st century, businesses don’t need to be brick-and-mortar. In fact, many successful businesses are run through e-commerce websites that provide goods and services for customers around the world. If you run an e-commerce business, it’s...
by Robert Brandon | Mar 1, 2023 | Workflows
Key takeaways Lean manufacturing principles focus on minimizing waste while maximizing efficiency in the manufacturing process. Lean manufacturing originated from the Toyota Production System (TPS) and is built on two main pillars: Just-in-Time (JIT) inventory and...
