8 Inventory Costing Methods That You Might Not Know About

EMERGE App

Inventory costing or valuation is an accounting concept that has a direct impact on your gross profit and thus taxable income. Methods of valuing inventory are simply different cost-flow assumptions about how to allocate your cost of goods available for sale. They do not resemble your physical flow of goods, but rather, they allocate costs to either cost of goods sold or your ending inventory. We’ll start by explaining why inventory costing is important.

10 Best Practices for Inventory Cycle Counts

EMERGE App

They’re disruptive I know but they’re an essential part of maintaining inventory accuracy. Here, we’ll introduce inventory cycle counting and show you how it can complement your annual stock take exercise. Firstly, we’ll cover exactly what is meant by an inventory cycle count or cycle counting. At the end of it all, you should appreciate why cycle counting is important for everyday accurate inventory records. What is an Inventory Cycle Count?

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MIT Research: The Effects of Dynamic Safety Stocks on Inventory and Service Levels

RELEX Solutions

A firm that manages items with varying importance throughout the year can use dynamic service levels to have the right inventory at the right time. To build trust in an inventory policy, the insights and experience of key stakeholders should be used in developing the policy. The Right Inventory at the Right Time. ” During holidays or promotions, this method of inventory management is all too common.

How To Start Your Brewery On The Path To Success

Unleashed

How many stock-outs, an event that caused inventory to be exhausted? Stock & Inventory Control. Assign a serial number to ensure you know where they’ve gone and when they come back into your inventory. Connect your sales people with your live inventory system wherever they are. All the information about their products, inventory and stock were in their brewer, Luke Nicholas’ head.

UNFI to consolidate five distribution centres into a new 1.2 million-sq-ft and expanded 800,000-sq-ft facilities in Washington

EFT

The Centralia distribution centre is located in close proximity to two existing UNFI DCs in Tacoma and Portland. and a 923,000 square-foot warehouse in Portland, Ore. Once construction of the new Centralia DC is complete and the expansion of the Ridgefield DC is finished, UNFI plans to close its Tacoma, Portland and Auburn warehouses, as well as reduce its dependency on outside storage and third-party logistics services.

How You Can Leverage Your Brewery at BrewCon19

Unleashed

Maria Pearman is based in Portland, Oregon and is a Certified Public Accountant who provides accounting expertise and deep operational knowledge to the brewing industry. Company News AU beer brewing breweries brewery inventory management NZCome join us for BrewCon19 in Melbourne for three jam-packed days where you’ll get to attend seminars, listen to great international speakers, learn at workshops and more.

Data-driven decision making in beer manufacturing [expert Q&A]

Unleashed

Unleashed Software spoke with Maria Pearman, a Certified Public Accountant based in Portland, Oregon – the home of craft beer – who provides accounting expertise and deep operational knowledge to the brewing industry. Craft breweries have particular inventory and accounting needs. I became involved in breweries because I was a Certified Public Accountant at a standard public accounting firm in Portland, Oregan. Brewery Inventory Turnover.

This Week in Logistics News (December 8-12, 2014)

Talking Logistics

Descartes continues to broaden its footprint in the global trade management space, with two more acquisitions announced this week: e-customs, “a leading provider of electronic security and fiscal customs filing solutions in the UK,” and Pentant, “a leading UK-based Community System Provider (CSP) offering customs connectivity and import/export inventory control solutions for ocean, truck and air cargo.”

29 warehouse & automation experts share insights on how warehouse robots will impact industry employment

6 River Systems

It also allows existing employees to spend less time lugging boxes or finding inventory and more time doing the more complex parts of their job that are difficult to automate. Plus, warehouse robots (drones, AMRs and AGVs) are still very fickle and fragile and require intense programming and integration with inventory systems and networked devices. Those inventory systems require more attention because of this (a human gig), as do programming and maintenance.

6 Ways Wholesalers Can Sell More With Psychological Pricing

EMERGE App

Let’s say that you’re a wholesaler of handmade soaps in Portland, Oregon. Use Inventory Forecasting. Restocking your best selling product lines at specific re-order points requires the use of inventory management software. Inventory forecasting need not be rocket science. In fact, we have another blog post on how to forecast your inventory levels. Firstly, check how fast you sell your stock with the inventory turnover ratio. Introduction.

Striking a Balance

Supply Chain Nation

Today’s Wednesdays for Women blog is an insightful conversation with Kirsten Piacentini, Vice President of Inventory Management at L.L.Bean; who just so happens to be one of JDA’s transformative customers in retail! Kirsten grew up outside of Chicago and has lived in the Portland, Maine area for the last 24 years.

Striking a Balance

Supply Chain Nation

Today’s Wednesdays for Women blog is an insightful conversation with Kirsten Piacentini, Vice President of Inventory Management at L.L.Bean; who just so happens to be one of JDA’s transformative customers in retail! Kirsten grew up outside of Chicago and has lived in the Portland, Maine area for the last 24 years.