Inventory
What Is Work Order In Inventory
Last Updated: March 26, 2025What is a Work Order? A work order is a document. It tells a worker what job to do, how to do...
What Is RPA Used In Inventory
Last Updated: March 26, 2025Overview What Is RPA in Inventory Management? RPA stands for Robotic Process Automation. It helps businesses handle tedious tasks using software robots....
What Is Inventory Survey: A Complete Guide
Last Updated: March 26, 2025Introduction What is an Inventory Survey? An inventory survey is a way to check the stock a business has. It helps businesses...
What Is Inventory Write Down
Last Updated: March 26, 2025Introduction to Inventory Write-Down Running a small business means keeping track of your stock. But what happens when some items lose value?...
What Is Inventory Pooling: A Complete Guide
Last Updated: March 26, 2025What Is Inventory Pooling? Inventory pooling means sharing inventory with other businesses. Instead of each company managing its stock, they combine resources....
What Is Inventory Overhead: A Simple Guide
Last Updated: March 26, 2025What Is Inventory Overhead? Running a small business means managing costs wisely. One important type of cost is inventory overhead. This includes...
What Is Goods Received Receipt In Inventory
Last Updated: March 28, 2025Introduction: A Goods Received Receipt (GRR), also called a Goods Receipt Note (GRN), is an important document in business. It helps small...
What Is FOC In Inventory Management
Last Updated: March 28, 2025Managing inventory is important for any business, especially small ones. Keeping track of stock helps save money, improve cash flow, and build...
What Is FMCG Inventory: A Complete Guide
Last Updated: March 28, 2025Introduction Running a small business, especially in retail, means keeping your shelves stocked with the right products at the right time. Fast-moving...
What Is Dependent Demand Inventory
Last Updated: March 28, 2025What Is Dependent Demand Inventory? Managing inventory is important for every business. For small businesses, it helps save money and work better....
What Is Cross Docking In Inventory Management
Last Updated: March 28, 2025What Is Cross Docking? Understanding Cross Docking Cross-docking is a method that moves goods quickly from suppliers to customers without stopping at...
What Is Break Even Point In Inventory Optimization
Last Updated: March 28, 2025What is the Break-Even Point? The Break-Even Point (BEP) is the sales level where a business covers all its costs without making...
What Is Allocated Inventory: A Simple Guide
Last Updated: March 28, 2025Managing inventory is a significant challenge for small business owners. Keeping track of stock, avoiding overselling, and ensuring customers get what they...
What Is Aggregation In Inventory
Last Updated: March 28, 2025What Is Inventory Aggregation? Inventory aggregation means collecting and organizing inventory data from different locations into one system. This helps businesses see...
What Is Unplanned Inventory: A Complete Guide
Last Updated: March 28, 2025What Is Unplanned Inventory? Unplanned inventory means having extra stock that a business did not plan for. It often happens when sales...
What Is Merchandise Inventory: A Simple Guide
Last Updated: March 28, 2025Managing inventory well is crucial for small businesses, especially in retail and wholesale. Good inventory management helps businesses stay profitable, reduce waste,...
What Is Kanban System Of Inventory Management
Last Updated: March 28, 2025What Is Kanban Inventory Management? Running a business can be tough, especially when managing inventory. You don’t want to have too much...
What Is Fill Rate In Inventory
Last Updated: March 28, 2025Managing inventory well is important for small businesses. One key measure of success is the fill rate. This tells you how well...
What Is FIFO In Inventory Management
Last Updated: March 28, 2025Managing inventory is key to running a successful business. If someone does not handle stock well, they can cause losses, wastage, and...
What Is Bin Number In Inventory Management
Last Updated: March 28, 2025Introduction to Inventory Management and Bin Numbering Keeping track of stock is important for any business, especially small ones with limited resources. Good inventory...
What Is KPI In Inventory Management
Last Updated: March 28, 2025What Are Inventory Management KPIs? Running a small business is tough, especially in India, where competition is high. Managing inventory well can...
What Is VED In Inventory Management
Last Updated: March 28, 2025Managing inventory well is key to running a successful small business. But how do you know which items are most important? This...
What Is Seasonal Inventory: A Simple Guide
Last Updated: March 28, 2025Imagine walking into a store right before Diwali. The shelves are full of sweets, colorful clothes, and festive decorations. You won’t see...
What Is Safety Inventory: A Simple Guide
Last Updated: March 28, 2025What Is Safety Inventory? Safety inventory, or buffer stock, is an extra stock that businesses keep to avoid running out of products....
What Is Pegging In Inventory
Last Updated: March 28, 2025What is Inventory Pegging? Inventory pegging is a way to track specific stock items tied to customer orders or production needs. It...
What Is LIFO Inventory Method
Last Updated: March 28, 2025Managing inventory is important for any business. Choosing the right method can help improve profits and reduce taxes. One useful method is...
What Is An Anticipation Inventory
Last Updated: March 28, 2025What is The Anticipation Inventory? Anticipation inventory, also called buffer stock, is an extra stock that businesses keep to handle future demand....
What Is Online Inventory System
Last Updated: March 28, 2025Introduction: What is an Online Inventory System? Running a business means keeping track of products. An online inventory system helps businesses manage...
What Is Transit Inventory: A Simple Guide
Last Updated: March 28, 2025What is Transit Inventory? Transit inventory includes goods that someone moves from one place to another. It plays an important role in...
What Is MRO Inventory Management
Last Updated: February 27, 2025Introduction to MRO Inventory MRO stands for Maintenance, Repair, and Operations. It refers to all the supplies a business needs to function...
What Is Rental Inventory: A Complete Guide
Last Updated: February 27, 2025Managing your rental inventory is important if you run a business that rents out cars, tools, or event supplies. Keeping track of...
What Is Inventory Reduction: A Complete Guide
Last Updated: February 26, 2025Keeping too much stock can hurt small businesses. It ties up money, increases costs, and occupies space. That’s why inventory reduction is...
What Is Lot Number In Inventory
Last Updated: February 26, 2025What Are Lot Numbers? Lot numbers are special codes that help businesses track their products. These numbers group items that manufacturers made...
What Is Obsolete Inventory: A Simple Guide
Last Updated: February 26, 2025Understanding Inventory Management Managing inventory well is key to running a successful business. For small businesses in India, tracking stock can mean...
What Is Inventory Audit: A Comprehensive Guide
Last Updated: February 26, 2025What Is an Inventory Audit? An inventory audit checks a business’s stock to make sure records match the actual items in storage....
What Is Inventory Reserve: A Simple Guide
Last Updated: February 26, 2025Introduction Running a small business means handling many challenges, including managing inventory. Sometimes, products might not sell, suffer damage, or become outdated....
What Is The RFID Inventory System
Last Updated: February 26, 2025Managing inventory is one of the most important tasks for any small business. Keeping track of products, reducing mistakes, and making sure...
What Is Inventory Ageing: A Complete Guide
Last Updated: February 26, 2025Inventory ageing, also called stock ageing or inventory shelf life, is an important part of managing stock. It helps businesses track how...
What Is Just In Time Inventory
Last Updated: February 26, 2025Introduction to Just In Time Inventory Just In Time Inventory, also called JIT, is a way for businesses to manage stock efficiently....
What Is Inventory Cycle: A Simple Guide
Last Updated: February 24, 2025Introduction to Inventory Cycle Keeping track of your products is important for any business. We call this process the inventory cycle, also...
What Is Vendor Managed Inventory
Last Updated: March 4, 2025What is Vendor Managed Inventory (VMI)? Vendor Managed Inventory (VMI) is a supply chain method. In this method, the supplier monitors and...
What Is Inventory Carrying Cost
Last Updated: February 24, 2025Managing inventory is a crucial aspect of running a small business. One important factor to watch is inventory carrying cost. This is...
What Is SKU In Inventory
Last Updated: February 24, 2025What Is an SKU? An SKU, or Stock Keeping Unit, is a special code that helps businesses keep track of their products....
What Is Inventory Days: A Simple Guide
Last Updated: February 24, 2025What Are Inventory Days? Inventory Days, or Days Sales of Inventory (DSI), is an important financial measure. It shows the average number...
What Is Maximum Retail Price (MRP)
Last Updated: February 18, 2025Introduction to Maximum Retail Price (MRP) If you’re a small business owner, you’ve probably seen the term MRP on product packaging. But...
What Is Inventory Cost: A Complete Guide
Last Updated: February 6, 2025Running a small business is exciting but comes with challenges. One of the most important things to master is managing your inventory...
What Is ABC Analysis In Inventory Management
Last Updated: February 6, 2025Inventory management is essential for any business. With too much stock, businesses tie up money in items sitting on shelves. With too...
What Is Put Away In Warehouse
Last Updated: February 12, 2025Introduction Running a warehouse can feel tricky, especially for small businesses in India. However, one crucial task that streamlines everything is the...
What Is Godown: A Comprehensive Guide
Last Updated: February 5, 2025Godowns are an important part of running a business. They provide storage space for goods, making inventory management easier. This is especially...
What Is Contract Manufacturing: Definition And Example
Last Updated: February 5, 2025Contract manufacturing is a way businesses make their products without doing the work themselves. Instead of building things in-house, companies pay experts,...
What Is Manufacturing Account: A Complete Guide
Last Updated: February 13, 2025Manufacturing accounts help small businesses understand production costs, manage expenses, set prices, and increase profits. This guide simplifies the concept for SMEs...
What Is EOQ In Inventory Control
Last Updated: February 5, 2025Managing inventory effectively is a critical challenge for small businesses, requiring a balance between maintaining sufficient stock levels and avoiding excess inventory....
What Is Perpetual Inventory System
Last Updated: February 5, 2025A perpetual inventory system is a way to track your stock in real time. Every time you sell, return, or restock an...
What Is Warehouse Management: A Comprehensive Guide
Last Updated: February 7, 2025Warehouse management is how businesses organize and manage everything that happens in their warehouses. It covers keeping track of stock, filling customer...
What Is Additive Manufacturing (3D Modeling): A Complete Guide
Last Updated: February 7, 2025Additive manufacturing, also called 3D printing, is changing the way we make products. It creates items layer by layer using a digital...
What Is The Lead Time In Inventory Management
Last Updated: January 31, 2025Lead time is the duration between placing an order and receiving the item. This includes order processing, production (if applicable), shipping, and...
What Is Inventory Valuation: Definition And Methods
Last Updated: March 21, 2025What is Inventory Valuation? Inventory valuation means figuring out how much your unsold goods are worth at the end of an accounting...
What Is Inventory Investment: A Comprehensive Guide
Last Updated: January 28, 2025What Is Inventory Investment? Let’s start with the basics. Inventory investment means the change in how much stock a business has over...
What Is Inventory Turnover Ratio
Last Updated: January 28, 2025What Is the Inventory Turnover Ratio? The Inventory Turnover Ratio shows how quickly a business sells and replaces its stock over a...
What Is Batch Number
Last Updated: January 28, 2025Introduction: What Are Batch Numbers? If you operate a small business, you’ve likely come across Item Numbers. But what exactly are they?...
What Is Opening Stock in Inventory
Last Updated: January 28, 2025What is Opening Stock? If you run a small business, some financial terms might feel tricky. One of these terms is “opening...
What is Inventory Control: A Simple Guide
Last Updated: January 28, 2025What Is Inventory Control? Inventory control is about managing the products your business sells. It helps make sure you have enough items...
What is Lean Manufacturing: A Simple Guide
Last Updated: January 28, 2025Lean manufacturing, also called lean production or lean management, is a way to make work easier, faster, and more efficient. It cuts...
What is Raw Material – A simple Guide
Last Updated: February 13, 2025Introduction Every product you see around you starts with raw materials. These are the basic components used to create everything we use,...