Pandemic and Covid were the biggest buzzwords back in 2020 and 2021. Several businesses shut down, and…
What was the effect of Hurricane Katrina on U.S. total wholesale sales and inventories for August? We…
As the world tries to recover from the pandemic, it is now more important than ever for…
What is Stock? Stock can be anything in the form of goods used by a business to…
What are automated inventory systems? An automated inventory management system can add, update, delete, and transfer stock…
What is a dead stock? Businesses can’t sell all of their inventory. The stock left behind is…
What is an inventory cost? The cost incurred due to acquisition of inventory is known as inventory…
What is Manufacturing Overhead? The total costs involved in product manufacturing is called manufacturing overhead. We can…
Economic Order Quantity (EOQ) The model used to figure out the optimal quantity for inventory is known…
What is a sales process? A sales process has a repeatable set of steps used to convince…