One important aspect of ensuring that your small business runs smoothly is to periodically compare written inventory records against the actual physical stock on the shelves and in the warehouse. If ...

Accountants can use any one of three methods for calculating inventory value and cost to keep a business in compliance with accepted accounting standards. Each method can present different problems ...

Inventory Boss presents a new educational video for ecommerce sellers on how to make adjustments for Errors and Lagging in Sales Forecasts. Accurate demand forecasting is the cornerstone of successful ...

Correction: A previous version of the story listed the audit meeting for 8 a.m. Wednesday. The meeting is taking place on Tuesday and the file will be updated with information from the discussion. A ...

Learning how to manage inventory efficiently is critical to any business that sells physical goods. From timely ordering of supplies to tracking and storage, any mistakes can directly impact your ...

Inventory accuracy is the variance between perpetual inventory and physical inventory. It is an important part of supply chain management because organizations that allow their inventory accuracy to ...

This spring, American Eagle Outfitters announced a $75 million inventory write-down and withdrew its fiscal guidance for 2025, citing macroeconomic uncertainty and operational challenges. The retail ...

The identified errors involve miscalculations in the company's excess and obsolete inventory reserve, leading to an overstatement of inventory and an understatement in the cost of goods sold for the ...