Knowing your optimal reorder point prevents losses and ensures you meet customer demand. How do you know when to do it? With a reorder point formula. Read now.
Inventory carrying cost is a big deal. Cutting it is a bigger one. This post offers a carrying cost formula and effective ways to reduce this unwanted expense.
Average inventory formula and cost will help you determine how much ending inventory you should have and how much it’ll cost. Continue reading to find out how.
Curious about the dead stock meaning? Deadstock is any inventory that hasn't been sold and is unlikely to be sold in the future. Learn how to eliminate it here.
Sell through rate is the percentage of your inventory received that you sell, within a given time period. Learn how to use the sell through formula and more.
Inventory tracking is pivotal to inventory control. If you don't have an efficient inventory tracking system in place, you'll suffer. Master the essentials now.
Inventory costing methods—AKA inventory valuation methods—put dollar amounts on your stuff. That's crucial to your company's financial health.
What is lead time? In this blog post, you’ll learn about the lead time definition and formula and how it affects inventory management in your business.
Days inventory outstanding is the average number of days inventory sits before being sold. Use our inventory days formula to calculate days inventory outstanding.
Common knowledge states that an inventory turnover rate below 5 isn't very good. Learn how to calculate inventory turnover ratio for your business here.
