Inventory management is the process of tracking and controlling inventory stock in a business. One thing I learned from six years of working as an inventory manager is that poor inventory management is like a disease. Untreated, it diminishes profits, […]

Ever wonder why some businesses thrive while others struggle to stay afloat?  While many factors contribute to success, one crucial element is often overlooked: understanding and managing costs.  At the heart of this is cost per unit — the total […]

A stockout occurs when a company runs out of available inventory for a product. Stockouts prevent a business from making sales until goods are replenished. They can damage your brand reputation, send customers shopping elsewhere, and directly impact your bottom […]

Are you struggling to understand your inventory’s true value? Ending inventory holds the key to unlocking crucial insights about your business’s financial health.  In this guide, we’ll demystify ending inventory calculations, showing you how to boost profits and make smarter […]

If your profit margins aren’t as high as they should be—even when sales are strong—the culprit might be hidden costs in your ordering process.  Ordering costs can quietly drain your profits if left unchecked, hiking up overall business expenses and […]