eBay Inventory Management Made Simple

It seems hard to believe, but eBay has been around for a quarter of a century. The online auction site has changed the...

What is Cost Price and How to Calculate With the Cost Price Formula

One of the biggest challenges companies face when launching new or revamped products is determining the right price to charge...

How to Make a Bill of Materials and Avoid the Mistakes

If you work in manufacturing, you’ve undoubtedly heard about the importance of creating a Bill of Materials (BOM) for each...

What is Demand Forecasting and How to Use It

Inventory management isn’t just about knowing how much stock you have on hand and how long it might sit in a warehouse....

How to Sell Clothes on Instagram

When the average person thinks of Instagram, they often think of filtered photos of fancy food and...

How Much Does a Shopify Store Cost to Open?

Want to become the next Jeff Bezos and conquer the ecommerce space? Then odds are you’re familiar with Shopify. Shopify is...

Weeks-On-Hand Formula: What It Is and How to Calculate It

Inventory is a top tier expense for most businesses, one that many companies struggle to manage effectively. To be...

What is Manufacturing Lead Time and How to Reduce It

As the old saying goes, “time is money,” and that’s never truer than when it comes to talking about manufacturing...

How to Calculate Moving Average Price and Why It’s Important

If you have a business that sells products, you’re already aware of the value of inventory management. Inventory management...

How to Calculate Ending Inventory with the Ending Inventory Formula

If you’re a business that sells goods, then odds are you’re at least somewhat familiar with the term “ending...

Average Inventory Formula: When to Use It and Why

If you’re running a business, odds are you know how important inventory management is to your success. Without proper...

How to Price Wholesale Inventory Accurately

One of the most common questions in the world of sales is, “How do I calculate the right price?” This is particularly...

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