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 30, 2022 | Inventory
Just-in-time (JIT) is a form of management commonly used in retail and manufacturing. The idea is to hold (or make) only the stock that you’ll need immediately. Items arrive as you need them — just in time — rather than as bulk orders that must be held until they sell...
by Jared Plumb | Aug 8, 2022 | Barcoding, Featured
Key takeaways Barcoding boosts accuracy, efficiency, and scalability, and small businesses can start for just a few hundred dollars. A barcode is a visual code (1D or 2D) that represents numbers or text, but it only becomes useful when linked to product data in a...
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
Key takeaways Order picking can account for up to 60% of total warehouse costs, making it a critical area for efficiency improvements. The best picking method depends on warehouse size, team structure, and inventory type—there’s no one-size-fits-all approach. Common...
