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Wholesaler vs Distributor Explained for Small Business Owners

Wholesaler vs Distributor Explained for Small Business Owners

by Olivia Barnes-Brett | Oct 13, 2022 | Inventory

Key takeaways The difference between wholesaler vs distributor boils down to whose interest they serve. Wholesalers buy in bulk and resell to retailers with little exclusivity, while distributors work closely with manufacturers and often have exclusive rights to sell...
Inventory Manager Job Description: From Stock Control to Optimization

Inventory Manager Job Description: From Stock Control to Optimization

by Olivia Barnes-Brett | Oct 6, 2022 | Inventory

Key takeaways The responsibilities of an inventory manager vary from tracking inventory levels to purchasing, replenishment, and managing supplier relationships. Inventory managers should employ a number of techniques, such as just-in-time inventory, reorder points,...
The 5 Fundamental Types of Inventory Everyone Should Know

The 5 Fundamental Types of Inventory Everyone Should Know

by Olivia Barnes-Brett | Sep 30, 2022 | Inventory, Popular Now

Key takeaways There are 5 fundamental types of inventory: raw materials, work-in-progress (WIP), finished goods, maintenance, repair, and operations (MRO), and packing materials. Raw materials are the basic components used to create finished goods. If the components...
Days Sales of Inventory Formula: How to Calculate Your DSI

Days Sales of Inventory Formula: How to Calculate Your DSI

by Olivia Barnes-Brett | Sep 16, 2022 | Accounting

Knowing how quickly stock sells gives businesses a good insight into their inventory management. No matter the size of your business or the industry you’re in, it’s important to know how long you hold onto stock so you can optimize processes. This is where...
How Your Inventory Control Will Be Impacted by a Recession

How Your Inventory Control Will Be Impacted by a Recession

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...
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