Inventory or stock control management can sometimes be difficult to manage, especially in a business where there’s a lot going on. Learn the best methods to manage the items in your business, why stock control is important, and what tools are available to make the task easier.
When you manage your own business, it can be hard to keep track of suppliers and make sure you’re getting the best deals throughout your supply chain. One thing you’ll want to see as part of this is a ‘positive’ cash flow. This simply means there’s more cash coming into your business than there is…
The short answer to this question is: no, inventory and stock are not the same thing. Though many people use the two words interchangeably, they actually have different meanings. We’re not just being picky over semantics here either. Understanding them correctly will help you manage your business more efficiently – and that’s crucial in a…
We’re guessing you’re here because your business handles stock, or you’re considering starting up a new business that sells goods. Are we right? Whether you’re in eCommerce or bricks and mortar stores, managing your inventory is a fine balancing act. Under stock, and you risk losing customers; overstock and you could be eating into your…
