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Just In Time Inventory Management
By Cloud Accounting 10 Oct, 2019
Just-in-Time (JIT) Inventory Management is simply creating what's required, when it’s required, within the amount required.
ABC Analysis
By Cloud Accounting 07 Oct, 2019
ABC analysis of inventory is a technique of sorting your inventory into three classes according to how well they sell and how much they cost to hold
Minimum Order Quantity
By Cloud Accounting 01 Oct, 2019
Minimum order quantity (MOQ) is the lowest set quantity of stock that a provider is willing to sell. If you can’t purchase the MOQ of a particular product, then the provider won’t sell it to you.
Economic Order Quantity
By Cloud Accounting 27 Sep, 2019
Economic order quantity is the lowest amount of inventory you want to order to fulfil peak client demand while not going out of stock and without producing obsolete inventory.
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