Yarab A   Jan-15-2020
Inventory Management
What is Closing Stock? Examples and Calculations

Closing Stock is an amount of unsold stock lying in your business on a given date. In simple words, it’s the inventory which is still in your business waiting to be sold for a given period.

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Pratibha Devasenapathy   Dec-06-2019
How Barcode Inventory System Can Change the Way Small Businesses Operate

Barcodes are an essential part of inventory management. With a simple scan of a barcode, you can do what would take several minutes, or even hours, to do manually.

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Yarab A   Dec-03-2019
Manufacturing
Bill of Materials (BOM) – Definition, Examples, Format and Types

Bill of Material is a comprehensive list of raw materials, components, assemblies, sub-assemblies, parts, or anything which is required to manufacture the finished product.

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Yarab A   Dec-03-2019
Business Owners
Inventory Management – Definition, Types, Transactions Types and Classification

Inventory management is one of the key factors which will define the success of the business. Inventory is money sitting around in another form and it holds huge working capital.

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