Cost of inventory This seems simple, but the cost of the products you sell will be the biggest factor in determining how much inventory you’re able to purchase at a time.

The economic order quantity, or EOQ, is the optimal number of units a business should purchase when replenishing inventory while minimizing inventory costs that could eat into profit margins.

One of the goals of inventory management is to keep products safe. Inventory should be kept in a safe area, where it is protected against theft. Depending on the size of your company, this could ...

Maximizing a product inventory lifecycle doesn’t compete with current offerings. Rather, it appeals to the next generation of shoppers—people who are unlikely to purchase full-priced current-season ...

Displaying a virtual inventory gives a company an advantage over the competition, if the virtual inventory offers a wider or deeper product mix than the competition. Width refers to the number of ...