Inventory What Is MRO Inventory and How to Manage It? MRO (Maintenance, Repair, and Operations) inventory is comprised of items that support the manufacturing process but are not directly tracked as part of any bill of materials. Nevertheless, MRO inventory should be managed diligently in order to avoid work stoppages and late deliveries. By Madis Kuuse 9 min read
AccountingInventory How to Manage Inventory Write-Offs? Inventory write-offs help businesses remove unsellable items from their records. This article explains what write-offs are, the difference between write-offs and write-downs, and how to handle them manually or with software to keep your inventory in check. By Siim Kanne 11 min read
AccountingInventory Periodic Inventory System vs. Perpetual Inventory System Managing inventory well is essential for maintaining accuracy and efficiency in your operations. In this guide, we explain periodic and perpetual inventory systems and help you decide which system best suits your business needs. By Mattias Turovski 11 min read
InventoryManufacturing Tips Barcode Inventory Control – Benefits and Tips Whether you run a small business or a large warehouse, managing inventory is key to smooth operations. Barcoding simplifies this task and makes the inventory process faster, more accurate, and much easier to handle. By Siim Kanne 9 min read
Inventory What Is Just-in-Time (JIT) Inventory? If you’re looking for a way to reduce inventory costs while streamlining your operations, you need to know just-in-time inventory. In this post, we’ll explain what JIT is, how it works, how it compares to traditional inventory methods, and how you can successfully implement it in your business. By Siim Kanne 8 min read
Inventory Finished Goods Inventory Management Explained Managing finished goods inventory is a critical process for any manufacturing business. It involves tracking and storing products that are ready for sale with the goal of meeting customer demand without holding too much stock. By Siim Kanne 9 min read
Inventory Inventory Cycle Counting – A Simple Guide Effective inventory counting is an essential practice for any business, but traditional methods can be disruptive. Inventory cycle counting offers a more flexible approach that keeps your operations running smoothly without needing a full-scale shutdown. Let’s look at what cycle counting is and why it’s important. By Siim Kanne 11 min read
AccountingInventory FIFO vs. LIFO Inventory Explained Choosing the right inventory valuation method is a crucial decision for businesses. Deciding between FIFO or LIFO impacts everything from your taxes to how you manage your stock. In this article, we break down the differences between FIFO and LIFO and help you decide which is best for your business. By Siim Kanne 12 min read
Inventory What Is Obsolete Inventory and How to Prevent It? Next to inadequate stock levels, inventory losing its value is a key concern among companies. Capable inventory management software is your best tool for increasing stock control and thus avoiding both issues. In this post, we look at obsolete inventory – how to prevent it and what to do when it happens. By Mattias Turovski 13 min read