What is a dead stock? Businesses can’t sell all of their inventory. The stock left behind is known as dead stock. In simple words, the stock that doesn’t sell is known as dead stock. Dead stock is one of the worst situations in wholesale businesses…
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2 Min Read
What is an inventory cost? The cost incurred due to acquisition of inventory is known as inventory cost. Technically, inventory cost is associated with procurement, management, and storage of stock. Elements of Inventory Costs Inventory cost is classified into three major elements. These elements are…
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3 Min Read
What is Manufacturing Overhead? The total costs involved in product manufacturing is called manufacturing overhead. We can also consider it as the cost incurred during a firm’s manufacturing operations. Manufacturing overhead is also known as factory burden, factory overhead, and production overhead. It is different…
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2 Min Read
Economic Order Quantity (EOQ) The model used to figure out the optimal quantity for inventory is known as the Economic Order Quantity (EOQ) model. This optimal quantity is required to minimize the ordering and carrying cost. Ford W. Harris developed the EOQ model in 1913….
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11 Min Read
Imagine a neat space where boxes full of inventory float in and out within a few clicks. The spreadsheets update automatically and without any outside interference. That’s the ultimate dream for most wholesalers no? It certainly sounds very stress-free. What if we told you that…
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