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Recent Posts
Inventory Stock Levels: Types & Management Methods
The products you have stocked in your inventory are crucial assets for your business. Leaving them unattended or unaccounted for may cause you to lose money in the long run. Moreover, this could cause issues with…
Admin Jan 13, 2020 -
Stock Availability: Ensuring the Inventory Supply
Due to political, economic, technological, and social factors, the global marketplace is continually evolving. In that same space, small and medium-sized enterprises (SMBs) are trying to remain competitive in…
Admin Dec 9, 2019 -
Manage Product Demand: The Best Practices
When plenty of customers begin buying your products at a certain point, that’s a good thing. However, poorly addressing a demand spike can be devastating to your business brand. You’ll need to manage…
Admin Nov 27, 2019 -
FIFO VS LIFO: How to choose the right inventory costing method for your business
To be able to account for the inventory cost of a business, one must decide what method to use based on the inventory it typically handles. Managing inventory involves costing and while there are three ways to do…
Jessa Mae Nov 26, 2019
Category: FIFO Inventory System
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