In a perpetual inventory system, you need to know how to calculate the cost of goods sold without the ending inventory numbers.
A chain reaction of improvements Since their Cin7 implementation, Brompton’s US business has gone from strength to strength. The first and most important ingredient in their transformation: their inventory management is now tip-top. Phil cites a laundry list of improvements, including the ability to ring-fence stock for certain channels, preventing mis-ships. “Another work around we […]
Learn the top five ways product companies and ecommerce specialists can automate their inventory and financials with Catching Clouds: An Acuity Company. The Top Five Key Lessons for Automating Your Inventory and Financials: Done right, automation actually makes good people even better To get financial fundamentals right, give them to someone else You need an […]
In retail and wholesale sales, solid profits result from inventory that is closely managed. In this blog, we will discuss inventory valuation and accounting principles. We will cover why it is so important to value your inventory, different methods for inventory valuation, and how you should choose your inventory valuation method based on your business. […]