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Inventory Costs: How to Calculate and Reduce Them
There are a number of costs that an advanced inventory management solution will help you calculate. Here are two of the big ones. […]
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Free Excel inventory template for small businesses
If you’re going to use an Excel inventory management solution, you might as well do it right. That’s why Fishbowl offers this Excel Inventory Template. […]
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Calculating inventory carrying costs: A complete guide
The amount of money a company spends to keep inventory safe and stored over a certain length of time. […]
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Reorder point formula & calculator for efficient stock management
Maintaining optimal inventory levels is a constant balancing act. Too much stock ties up valuable capital and warehouse space, but too little leads to stockouts, missed sales, and frustrated customers. To keep things level, you need to know when to reorder goods. That’s why using the reorder point (ROP) formula is crucial. It lets you […]