Learning how to manage inventory efficiently is critical to any business that sells physical goods. Anything that involves your products, from timely ordering to proper receiving, tracking and ...

Use the retail method to value ending inventory. With this method, you discount the amount of markup that is applied to each unit when you sell it. This gives you a per-unit cost for the items in ...

In addition, strategic sourcing goes beyond purchasing or procurement alone to add value to the organization in other ways. The tactical components of procurement — such as vendor qualification, ...

Inventory management programs such as Cin7 and Inventory Control use bar code readers to scan items. When someone buys a product, the software records the price and adjusts the inventory total ...