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Logistics refers to the process by which goods move from manufacturers or distributors to consumers. But what about the process where goods already sold return to the manufacturer or distributor, such as returns or recalls? This is known as reverse logistics, the flow of goods in the opposite direction. Companies

What is inventory financing? Inventory financing is a short-term loan or a line of credit that helps your business purchase inventory. You can receive financing using your inventory as collateral (which, in most cases, needs to be assessed by an auditor). If you don’t have enough cash or working

In today's fast-paced business world, efficient inventory management is crucial for staying competitive. Barcode scanning technology has revolutionized how companies track and manage their inventory, leading to significant improvements in accuracy, speed, and operational efficiency. With numerous options available, selecting the right inventory management software with barcode scanning

Excess inventory has long been a key topic for retailers and in particular luxury brands — it is very difficult to accurately forecast and match demand and supply for individual goods, as people’s tastes may differ from what has been produced. In order to preserve your brand and its value

Looking to understand which inventory method best to use for your business? It is important to think about this clearly before making any rash decisions, because correct inventory valuation methods and recording of inventory discrepancies can significantly impact key financial metrics.  Cost of Goods Sold Let's first look

One of the most important aspects of businesses is pricing a product or service. Many managers or business owners do not realize that pricing can be a major driver of growth and profitability, which is ultimately what matters in a business. In this article, we will do a deep dive