Tally Blogs
Urmi Sengupta   Aug-08-2022
Inventory Management Inventory management process
Too Much or Too Little Stock – How can Small Businesses and Startups Overcome?

Poor inventory management is often considered the leading cause of business inefficiencies. Let’s check how do you strike the right balance between having too much or too little stock.

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Tally Blogs
Tally Solutions   Apr-08-2022
inventory Inventory Management
Inventory Valuation: LIFO Vs. FIFO

The difference between LIFO and FIFO in inventory valuation is that FIFO values the latest purchased stock while LIFO values the older stock. Let’s check what is inventory valuation & FIFO vs. LIFO

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Tally Blogs
Tally Solutions   Apr-05-2022
Inventory Management
Closing Inventory Formula: How to Calculate and Why

A closing inventory formula is used to determine the inventory status at the month-end. Let’s check what is an ending inventory formula with significance & how to calculate it.

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Tally Blogs
Tally Solutions   Mar-15-2022
Inventory Management
Perpetual Inventory Definition

Perpetual inventory is the maintenance of accounts for inventory exactly as the purchase of inventory and sales of inventory happen. Let’s check what is perpetual inventory.

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Tally Blogs
Urmi Sengupta   Mar-02-2022
Inventory Management
What is Just-in-Time (JIT)? | Just-in-Time Inventory management

JIT inventory management is being used by most businesses as an inventory tool to manage optimum inventory levels. Let’s understand what is Just-in-Time (JIT) & advantages.

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Urmi Sengupta   Feb-24-2022
Inventory Management
Inventory Carrying Costs: What It Is & How to Calculate It

Inventory carrying costs helps your business rethink production and plan to ensure maximum benefit. Let’s check what is inventory carrying costs & how to calculate it.

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Tally Blogs
Urmi Sengupta   Feb-24-2022
Inventory Management
ABC Analysis in Inventory Management: Benefits and; Best Practices

ABC analysis in inventory management refers to identifying the items of inventory based on how valuable they are to your business. Let’s check what is ABC analysis in inventory management

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Tally Blogs
Tally Solutions   Feb-01-2022
Symptoms of Poor Inventory management – 6 Mistakes to Avoid

Businesses of all sizes suffer immensely as a result of poor inventory management. A study found that more than 75 percent of businesses lose sales as a result of problems in managing their inventory.

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Tally Blogs
Tally Solutions   Feb-01-2022
7 Must-Have Features & Functions for Inventory Management Software

The purpose of inventory management is to ensure there are sufficient goods so that demand can be met without overstocking or understocking. Inventory management involves the processes of purchasing,

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Tally Blogs
Yarab A   Jan-15-2022
Inventory Cost
What is Inventory Carrying Cost & How to Calculate it?

Inventory carrying cost is the expense towards holding & maintaining inventory over a period of time. Let’s check what is inventory carrying cost & how to calculate it.

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Tally Blogs
Tally Solutions   Sep-23-2021
inventory control
What Is The EOQ Formula (Economic Order Quantity)?

Economic order quantity or EOQ is used in cost accounting to calculate how much optimum inventory levels of a product should be maintained to prevent understocking and overstocking.

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