While it's best to have everything in stock that a customer may need, it can be expensive buying and keeping items around that may be needed only rarely or which can grow obsolete before sale. One ...

In QuickBooks, you can't change an inventory item to a non-inventory item; you can only change it to an inventory assembly item. To switch and use non-inventory items, duplicate the inventory items as ...

The recent disasters sweeping the nation, from the torrential floods in North Carolina to the fires still raging in Southern California, showed how vital it is to have an evacuation plan because you ...

Small businesses manage inventory efficiently by keeping enough stock to meet demand while avoiding overstocking. To do this, they track what’s on hand, what sells, and when to reorder using simple ...

Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. Learning how to manage inventory ...

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 ...

Several methods exist for valuing inventory on hand. The university allows First-In, First-Out (FIFO) and Weighted Average methods. There are advantages and disadvantages to both, but each assigns a ...

Inventory management is the process of tracking where your products are at all times and when to order more. These techniques can improve your inventory management process, independent of software.