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Daily Archives: March 29, 2018

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Most Common Mistake a Small Business Owner Makes with Inventory

InventoryBy adminMarch 29, 2018

Let’s be real… running out of inventory is detrimental to your business: you cannot sell from an empty shelf. The opposite extreme is having excess inventory, because your money will be tied to slow-moving, obsolete or expired shelf-life products. Many small businesses tend to rely on gut feeling when it comes to managing their inventory:…

INVENTORY CONTROL VIA CYCLE COUNTS – AN ALTERNATE CRITERIA

InventoryBy adminMarch 29, 2018

Cycle counts is the process of counting certain items of your inventory every few days in such a way that your total inventory items are counted at least every quarter or year. Cycle count criteria may be based on different criteria such as: Control groups. When you make your counts focused on a small control…

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