Managing Costs in an Economic Downturn In a business climate where everyone is trying to save money it is often difficult to come up with new strategies for cost saving and efficiency. However, it is often the simplest methods that work the best and managing effectively what you already have in place is perhaps one of the best places to start. Looking at your stock and … [Read more...] about What is the Cost of Carrying Inventory to Your Business?
Cycle Count Inventory Warehouse Physical Inventory Audit First check with your auditor to see if they will accept cycle counting inventory. Then, sort your inventory into three classes: A- Expensive (or critical) inventory B- Less Expensive (less critical) inventory C- Inexpensive (non-critical) inventory Count your A items on an … [Read more...] about How to Avoid Costly Year End Physical Inventory