The warehouse is the hub of the production process. The maintenance of warehouse stocks allows the planning and supply of the production, on the other hand, the immediate satisfaction of the customer’s needs. An inventory management system is essential to…
Inventories are related to all the goods involved in the operating cycle of a company either to be consumed or to be sold as-is or at the end of the production process. Good stock management will help meet future needs.…
Unfortunately, many construction companies that do not have programs for inventory, experience any of the following problems: Lack of communication between departments It is very common among companies with several branches or warehouses. The buying process is multi-person dependent, and…
In its second year, the pandemic is taking its toll on the global economy and the impact on businesses has not been long in coming as they struggle to regain their inventory levels. We know that maintaining an optimal level…
Storage is an essential operation for the company since it consists of intelligently placing stocks of goods, finished or unfinished products, and raw materials in the storage space. Inventory management ensures that the goods available are kept in good condition,…
Revaluation of fixed assets is the change in the value of the balance due to the change in market value. An investor’s decision to invest in a company is made based on special considerations. The ease of obtaining information makes…
Today enterprises and companies are increasingly forced to work in conditions of limited resources – labor, material, financial. The lack of finance is compensated by the attraction of credit funds. However, loans reduce profits by the amount of bank interest.…
Inventory control aims at two basic objectives: to minimize the cost of storage and to provide excellent customer service. The availability of an excellent stock and the constant and correct balance of stocks are fundamental for the company’s profitability. The…
Inventory monitoring and control is a core activity in your company since having reliable visibility of it you can make better decisions in addition to reducing costs by not carrying excess or shortage of merchandise and therefore offer a better…
The correct order and management of inventories is one of the main factors that affect the performance of companies and the profits obtained. Therefore, it is vitally important for companies to have a well-managed and controlled inventory. The focus in…