If you run an inventory-based business, it’s critical that you have systems and processes in place to manage your inventory effectively. There’s one simple ratio that can help you evaluate the health of your inventory management—the inventory turnover ratio.
As we head into the 2019 marketing planning season, you may feel challenged about coming up with fresh content ideas to keep your blogs front and center. There are 5 helpful tips you can use to bring more to the content planning table, whether you are doing your planning internally or with the help of your marketing agency.
The variables that determine how and when a product is shipped are almost as important as the product itself. However, manufacturers are busier than ever, and your company may find itself falling behind in the rapidly evolving logistics game. In this case, a third-party logistics (3PL) firm could be the right move for your business.
Skoda Minotti is currently assisting our client in their search for an Inventory Control Manager. Are you interested? See what type of professional we are looking for.
Every manufacturer aims to maximize efficiency to drive production and ultimately increase revenue. After all, if your operation can produce more units with less labor at a lower cost, you are on your way to achieving your goal.
Inventory counts are often thought of as one of the most tedious and mundane tasks in the business, but this undertaking is also one of the most important.
For several years now, my husband has been asking to invest in a 3D printer. And so began my light research into 3D printing. While learning about this additive manufacturing process, I couldn’t help but notice the implications that run a little closer to my current heart: tax and accounting.
Imagine having to remember and describe every item in your home, especially after you’ve been the victim of a fire, theft, or natural disaster. Rather than relying on your memory, you may want to prepare a home inventory — a detailed record of all your personal property.
Understanding the concept of Last In, First Out (LIFO) conformity, and applying it correctly, can help manufacturing businesses maximize tax savings.
Between the reduction in revenue (from deferred revenue) and decrease in gross profit (from inventory), an acquired company’s reported financial performance can look significantly worse during its first post-acquisition year than its underlying activity would actually indicate.