Vendor-Managed Inventory: Benefits & Drawbacks
24 Mar 2021
Some businesses keep their shelves stocked with a 3rd party vendor to manage their inventory. Both businesses and vendors benefit from this type of arrangement, but things can still go wrong. today, let us learn more about the benefits and drawbacks of vendor-managed inventory system Imagine that you are the ...
Item Master File Definition and Explained
19 Mar 2021
Item Master File Definition and Explained In this video, you will see what an item master file is and why it is so useful. You\'ll learn what kinds of information are contained in an item master file and how the information can ...
Inventory Management System Fundamental
18 Mar 2021
Hello, Welcome to the Inventory Management System Fundamental video. Today we are going to look at inventory and item management. what we are going to focus on today is item master data, any company has inventory. you can go and look into ...
Inventory is not manufacturing
03 Oct 2018
Inventory is required for manufacturing because you cannot make products without materials. But inventory is not manufacturing. Manufacturing is performing the processes used to make your products and coordinating shop activities.
Inventory Average Cost Calculations
07 Dec 2016
Inventory Average Cost Calculations The software provides for the selection of any of four methods of costing for its inventory: LIFO, FIFO, Average and Standard. The average cost method used by the software is called “rolling weighted average.” The following examples show the benefit of using this method for average cost calculations. Basic Weighted Average ...