How Does a Purchase Order Work?

Every business has two primary parties, a buyer and a seller, regardless of the industry. A company keeps track of its inventory and sales…

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What is Inventory Carrying Cost And How to Calculate It?

Inventory primarily occupies the current asset position in a company’s balance sheet. It is generally the most substantial portion of current assets. This stock…

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5 Inventory Valuation Methods For Accurate Analysis Of Your Inventory

Inventory valuation methods are an essential part of every business’s costing process. It helps in determining the actual cost per product and profitability. It…

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inventory metrics you need to know

11 Inventory Metrics You Need To Know For Successful Inventory Management

A company that manages its inventory successfully would be on the road to profitability. Carrying the optimum inventory is what is needed if the…

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perpetual inventory system 1

6 Main Disadvantages of Perpetual Inventory Systems

Online software systems which help us in business are well and good. They ensure streamlining many essential aspects of the company, from accounts, management,…

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prevention of inventory theft

7 Effective Ways To Prevent Inventory Theft

Theft is a universal phenomenon that we need to live with. As long as humans tread this Earth we would have the incidence of…

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saas pricing

6 Best SaaS Pricing Strategies To Get Your Customers To Pay

Finding the right balance between value and price is a challenge faced by every business. When offering Software as a Service, the company needs…

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track inventory

3 Reasons Why Inventory Tracking is Important for Your Business

Inventory tracking is something that’s confusing to many new entrepreneurs. Many of the people I’ve talked to that have home-based businesses which deal with inventory do not…

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invoice template

7 Best Websites That Provide Free Invoice Template

Whether you are a business owner, freelancer or an entrepreneur then, having a personalized invoice template is vital. Invoices aid in generating cash flow…

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Why Small Businesses Should Adopt Barcode Inventory System?

A barcode helps to eliminate human error. It is beneficial, especially in the business industry and is fast and reliable. When you are in…

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inventory shrinkage

What Is Inventory Shrinkage, And 7 Ways To Reduce Inventory Shrinkage

It is imperative that proper procedures are adopted to maintain flawless inventory. Such a situation is better said than done especially in a retail…

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9 Best Customer Retention Strategies That Actually Work

Customers can be considered as the lifeblood of your business. Therefore, it is important for you to make sure that you follow an appropriate…

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