What is ABC Analysis in Inventory Control?
Recent reports suggest that approximately $1.1 trillion cash, equal to 7% of the U.S. GDP, gets tied up…
6 min read
Rhema Hans
10 posts
Latest Posts
What is ROI (Return on Investment)
As business owners, it is essential to know whether the money you are investing in your business is worth it…
5 min read
Understanding EOQ - Economic Order Quantity
A million-dollar question, literally and figuratively in every business, big or small, is “How much to order?”. EOQ helps answer…
5 min read
Wholesale Business: 5 Biggest Challenges & Their Solutions
The global wholesale market is likely to reach approximately $64 billion by 2025 with the current compound annual growth rate.…
17 min read
Inventory Control - A Practical Guide
Inventory happens to be the one of the most critical components for any business. Keeping a close tab on the…
7 min read
Day Sales in Inventory - What it is and How to Calculate it
When you are selling goods in large quantities, you are utilizing the inventory and not wasting it. However, low sales…
3 min read
All You Need to Know About JIT (Just-in-Time) Inventory
A recent study suggests that the worldwide cost of inventory distortion, including shrinkage, stockouts, and overstock, is an estimated $1.…
6 min read
What is SKU & How to Generate SKU Numbers?
Organization and orderliness are the keys to running a successful business. However, should it be limited to your workforce? Not…
6 min read
What is Inventory Turnover Ratio?
The success of any business is marked by how efficiently and effectively the company resources are utilized. So, monitoring your…
6 min read
Financial Ratios - All you Need to Know
After striving for months to generate revenue as a company, how do you ascertain your financial performance? Or when you…
5 min read