Thanks for checking out my Blog!
We are a team of software learning creators bringing you weekly software learning tips, operation education, and operation SOP tricks. Whether you are facing any business operation challenges on your business or you need a software solution to automate your business, we have you covered by helping you take your operation to the next level!
Calculating Beginning Inventory: Formula & Explanation https://youtu.be/FVcGfr3FgBk Calculating Beginning Inventory: Formula & Explanation One of the most important assets a company must protect and control is inventory. In this lesson, you\'ll learn how to calculate beginning inventory, which is the first step of accounting for inventory changes during an accounting period. Definition of Beginning ...
Inventory Counting: Process & Methods https://youtu.be/ASUcJUC5_m0 It is important for any business to know how much and what types of items that they have available to sell. In this lesson, you will learn what inventory is, how to count it, and why it is important. Inventory Defined Can you count? If you answered yes, ...
What is the inventory turnover Ratio ? https://youtu.be/R84iIykmB7s What is the inventory turnover Ratio ? Hello everyone, welcome to today\'s video guide on inventory turnover ratio, everybody right from small shopkeepers to large retail companies, keep track of their inventory turnover ratio, do you keep track of your inventory ratio? so what exactly ...
Inventory Control Systems: Types & Purpose https://youtu.be/B2WlpGROqG8 Inventory Control Systems: Types & Purpose Managing inventory is essential for the success of many businesses. In this video, you\'ll learn about different types of inventory control systems. We\'ll take a look at continuous and periodic systems as well as the ABC classification system. Overview of Inventory ...
Lot Sizing in Material Requirements Planning Systems https://youtu.be/aExZIlRrpGs Manufacturing businesses need to balance the necessity of having stock to fill orders with the cost of storing too much inventory. How do they know how many units create that balance? In this lesson, we\'ll explore lot sizing in MRP systems. Material Requirements Planning Adam owns ...
Operating Cycle & Cash Cycle: Definition & Calculations https://youtu.be/OxWwS_q89mM How can a business owner know how long it takes to make money on purchased supplies or products? In this lesson, we\'ll examine the two different methods for calculating the length of time it ...
