Inventory is typically the largest balance sheet asset in most merchant companies. Accurate inventory is required to not only deliver timely and stellar customer service but also calculate ...

Cycle inventory counting is an inventory management approach where part of an inventory is counted each day. A counting schedule is developed, and specified areas of inventory are checked according to ...

Businesses that struggle with inaccurate inventory data, large year-end adjustments of physical inventory results, or a lengthy annual physical inventory process should consider adopting a cycle ...

Avoiding excessive inventory carrying costs requires maintaining accurate inventory records. One of the most efficient ways to maintain that accuracy is by ...

Ever wonder how a large, big box retailer keeps their inventory straight. If you’re like many small retailers, taking a full physical inventory can be a painful process. How does a retailer on a much ...

Kelly Main is a Marketing Editor and Writer specializing in digital marketing, online advertising and web design and development. Before joining the team, she was a Content Producer at Fit Small ...

The audit for a manufacturer is nearly identical to the audit of any other business enterprise, except for the additional procedures around the company's inventory balances. Auditors are required to ...