07 May
Maximizing Profits: Reduce Inventory Shrinkage with Software Solutions
Inventory shrinkage is a critical issue affecting businesses across various sectors and sizes. It occurs when inventory is lost between receipt and sale, due to factors such as theft, damage, administrative errors, or supplier fraud. The National Retail Federation reported
10 Dec
Understanding Cost Per Unit, How to Calculate It, and Tips to Maximize Your Profits!
Cost per unit is a key metric in inventory management that helps businesses understand the cost associated with each unit of inventory they hold. It is calculated by dividing the total cost of goods purchased by the number of units