Inventory Management Archives

What to Look for in Inventory Software
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What to Look for in Inventory Software
Accounting Tips, Inventory Management

What to Look for in Inventory Software

Choosing the right inventory software can make or break how your business operates day-to-day. Here are three essential questions to ask any vendor before you commit. Question 1: Does the software handle inventory in Units of Measure AND Dollars? [...]

Death by Inventory: Beating the 25% Carrying Cost
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Death by Inventory: Beating the 25% Carrying Cost
Inventory Management

Death by Inventory: Beating the 25% Carrying Cost

Death by Inventory: Beating the 25% Carrying Cost Inventory is expensive—even when you don’t touch it. A widely used baseline is that carrying inventory costs about 25% of its value per year. That means $1,000,000 of stock may quietly [...]

Pam

Plus & Minus Accounting Advisor