A company’s inventory functions as the blood keeping it alive, where even the smallest adjustments to its operation methods allow significant benefits in return. Focusing on your inventory tracks its value for inventory financing purpose while reducing business income for tax purposes.  The most commonly used warehousing method, First In First Out (FIFO), allows retailers, ecommerce, manufacturing, and other businesses quickly deliver...

With steady substantial efforts and numerous resources required in supply chain management, it’s imperative to leverage inventory metrics to measure and assess the performance of the company. What are Inventory Metrics? Inventory metrics indicate the manner in which a business defines itself while providing insight into the stages of stock at each operation. The purpose...