Retail

Running a growing business across multiple locations means keeping operations smooth and efficient. Fulfilling orders quickly, maintaining...

The vape and CBD industry is booming, with the global e-cigarette and vape market projected to reach a staggering $1.12 trillion by...

What makes a retail business rise above the rest? A well-oiled operation that keeps shelves stocked, prices competitive and customers...

Inventory management is the foundation of any successful retail business. Stock availability, avoiding overstock and accurate tracking...

If you’ve ever visited a retail store and looked at a product’s price tag, you’ve likely come across a stock keeping unit, commonly...

Forecasting demand is essential for retailers to accurately predict how much of a product they should purchase. The inventory a retailer...

From the consumer’s perspective, paying for something is pretty straightforward. But the truth is, the whole process of having customers...

Running a business is all about strategy. And for retailers, your stock control strategy is one of the most important ones to have....

Excess inventory is a major concern for just about every retailer, and for good reason: it ties up cash and drives up storage costs. These...

You’ve been thinking about it. You know it’s time. You know your business needs it. You know you need to take a minute to assess...

As a retailer, your inventory is the heart of your business. When your stock is stagnant, business is stagnant—but when you’re...

Cycle stock, the portion of your stock set aside specifically to meet regular demand during a defined period, is a key part of managing...

Managing inventory is a balancing act for growing businesses, especially those with multiple locations. When products lose value or...

Ending inventory is more than just the value of unsold goods sitting in your stockroom at the end of an accounting period; it’s a...

Safety stock acts as a buffer against the unexpected. Whether it’s a surge in demand, supply chain delays or forecasting errors,...

As costs rise and markets fluctuate, retailers need to employ smart strategies to help protect their bottom line. One approach? The...

Inventory prices aren’t static, and their value can change depending on several factors in the market. When inventory values go down,...

Inventory visibility is at the heart of running a smooth retail operation. It shows you exactly where your stock is, how much you have...

First in first out (FIFO) is one of the most practical inventory methods for businesses managing stock across multiple locations. As...

As a retailer your business will live or die based on how well you manage your inventory.  This is particularly true for growing...

Are you a small business owner looking to understand general ledger accounting? If so, you’re in the right place. In this guide,...