Inventory

Inventory Tracking – An Essential Guide For Manufacturers

Inventory tracking means monitoring stock movements to increase visibility in the company’s supply chain. This added transparency helps businesses improve their ordering and overall inventory management practices, ensure traceability, and make sure that goods reach the production floor and the customer at the right time.

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What Is Dead Stock and How to Avoid It?

Dead stock consists of inventory items that your business cannot use according to their original purpose. There are many different types of dead stock and various ways to either eliminate it or avoid it in the first place.

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QR Codes vs. Barcodes in Inventory Tracking

When looking for ways to track your inventory, you will undoubtedly arrive at the dilemma of whether you should use barcodes or QR codes. Even though the basic concept behind the two options is the same, there are notable differences between the two.

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Shopify Inventory Management Basics for SMEs

Setting up a business in Shopify is an easy thing to do. Properly managing that business, however, takes work. Here are some techniques and apps for effective Shopify inventory management. You can also listen to this article:

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How to Calculate the Cost of Goods Manufactured (COGM)?

Calculating the Cost of Goods Manufactured is a good way to get an overview of production costs and how they relate to the bottom line of your business. It allows management to identify cash drains, to adjust prices, and to track the development of the business. You can also listen to this article:

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