We’re pretty sure that you’ve heard about inventory planning before. But how much do you know about it? In this guide, you will get familiar with it, and you’ll learn more about the advantages and challenges a business may face when putting it into practice. So let’s dive into it! What Is Inventory Planning? The…
Category: inventory level
Learn About Negative Inventory And How To Manage It
It may seem absurd to have a negative inventory, but this is not such an uncommon situation. It basically means that your promised inventory levels are higher than what you already own in your stock. So, you cannot honor the corresponding orders quite yet. Of course, you should be cautious with this, because a negative…
What Types of Inventory Costs Should You Keep In Mind?
Running and managing the different types of inventory costs of a business is a tricky ordeal that requires a lot of things. The requirements are monitoring, tracking, and organizing a company’s transactions, expenditures, and purchases. The most important metrics that companies need to focus on are monitoring the way of performing sales, inventory sales, advertising, or…