Minimum order quantity FAQ Unify online and in-person sales today. Talk to sales Having the right amount of inventory is vital to sustaining a business. You need to meet demand, but you don’t want to hold onto stock you can’t sell. In a perfect world, you would set up reorders on...
Learn what a point-of-sale (POS) terminal is, how it works, how to choose the right POS terminal for your store, and more.
One way to limit payroll’s impact on your cash flow is to pay your people using direct deposit or digital pay options instead of paper checks. Because you don’t know when someone will cash a paycheck, it becomes more difficult to ensure you always have sufficient funds in your bank acco...
A purchase and sale agreement, also called a sales and purchase agreement or a purchase and sales contract, is a legally binding document that parties in a transaction use to stipulate the terms and conditions that will guide the sale and transfer of goods or property. A key thing about a ...
A pull system is a fundamental principle of Lean manufacturing that aims to minimize waste in production processes. By aligning production with actual customer demand, this approach ensures that components are replenished only when out of stock, leading to optimized resource utilization, improved flow...
The second price point is the limit price. Advertisement. Instead of the order being executed at the stop price, the sell order becomes a limit order. A limit order can only be executed when the stock’s price is at the limit price or at a price more favorable than the limit price. ...
Limit the number of KPIs.One of the challenges in planning KPIs is deciding how many to track to determine organizational success. Too many KPIs can pull attention away from the truly important ones. KPIs are usually more effective when you limit them to a small set of the most relevant KPI...
What Is Dead Stock? Dead stock, also known as dead inventory orobsolete inventory, refers to items that aren’t expected to sell. Dead stock can negatively affect a business’s bottom line. Don’t confuse “dead stock” with “deadstock,” a niche term used by some consumers, such as sn...
Learn how stock keeping units are used, the difference between SKUs and UPC barcodes, and how to create SKUs for your own products.
What is shrinkage? Shrinkage is an accounting term used to describe when a store has fewer items in stock than in its recorded book inventory. Factors contributing to shrinkage include employee theft, shoplifting, administrative errors, vendor fraud, product damage, and more. Shrinkage has a direct...