Navigating Supply Chain Automation: Benefits, Examples & Strategies

Inventory Counting Methods, Importance & Examples

How to Prepare a Rollforward of the Inventory Account Balance

Taking a Physical Inventory Count

Physical Inventory Count, Ownership of Goods, and Consigned Goods Explained: Definition, Examples, Practice & Video Lessons

Checking Physical Inventory Levels

📦 As a physical product business owner, mastering inventory management is crucial. One of the most effective strategies is negotiating better rates with suppliers and making bold decisions about your product line. Approach your suppliers to negotiate lower rates, thereby reducing your inventory costs. You should be applying the 80-20 rule – 20% of your products likely produce 80% of your results. Identify and focus on these high performers, because 80% of your products might be underperforming

Inventory Management: Definition, How It Works, Methods & Examples