Inventory is a key part of profit and revenue. Whether it involves raw materials or retail products, managing inventory is essential to monitor the whereabouts of the goods. Inventory is a company’s current asset that makes good business operations possible. It is performed to keep your business afloat and continue to grow. However, it is not as smooth as it…
To figure out your profits, you need to perform a physical inventory. Performing physical inventories can help prevent shrinkage. Production and purchasing can also be easily managed. Doing physical counts is critical for the success of any retail industry. However, this is probably not included in your favorite list as it takes hours to count store merchandise. Some merchants may…