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Your Expert Guide to Inventory Audits: Best Practices & Tips 

ShipBob

Analytical procedures Doing analytical procedures during inventory audits involves comparing gross margins, inventory turnover ratio , and/or unit costs of inventory with previous years. This helps you understand trends so you can be better informed during inventory procurement and when you’re forecasting demand.

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Reverse Logistics: What is it, and Why is it So Important?

Unleashed

Reverse logistics is the process of goods returning to their point of origin – back from the purchaser to the manufacturer or supplier. More people are likely to purchase goods from an online store if they know they can easily return products that don’t suit. Having a transparent and fair returns policy is an important first step.

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20 Powerful Business Apps Accountants & Advisors Need to Know

Unleashed

Covered In this Business App Guide: Apps for your clients’ tech stack Accounting apps Lightyear Lightyear is a purchasing and accounts payable automation platform which was established in 2017. Syft Analytics Syft Analytics is an AI-powered forecasting tool that reviews, analyses, and predicts financial data.

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Challenges and trends in the food supply chain

Unleashed

In this article, we’ll explore the ins and outs of the food supply chain, some key challenges and trends for New Zealand, Australia, UK and the US, and how the secret to successful food supply chains lies in food manufacturing software. Food supply chain challenges in Australia. Cost pressures. Lack of communication.

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Reduce Lead Time in Your Global Supply Chain with Lean Thinking

Material Handling & Logistics

A few years ago I purchased a sofa from a well-known furniture store. But it only takes a ship two weeks to travel from China to Australia [where I live], so what is happening for the other 10 weeks?” Simple lean supply chain techniques such as pull and leveling cost very little to implement and can have a big impact on lead times.

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Warehouse Management: Systems, Processes, & Strategies

Unleashed

This is often done to simplify order fulfilment for products that are frequently purchased together. It involves loading the packed items onto delivery vehicles, generating shipping labels and documentation, and ensuring that the products are sent to the correct destinations promptly. Bureau of Labor Statistics , 4.4%

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26 logistics professionals reveal the biggest trends in logistics technology

6 River Systems

These technologies also contribute to a rise in big data and analytics in the logistics field. Mobile apps: Pulling these reports several times a day can be tedious and leads to performance not being monitored in real-time. Mobile apps can generate reports and monitor performance metrics. ScienceSoft.