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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. Good stock management is a factor of flexibility for the company. Indeed, stocks represent a…
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 of inventory is critical to the survival of businesses. Therefore, we prepare this article for…
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 anyone tend to care more about the company that they want to invest in. By…
Inventory management manages all items stored in the company. Have you ever felt that the food products you enjoy every day never run out? This is because the company uses a system to manage the existing inventory of raw materials so that the company is never in a state of running out of raw materials….
Companies that are already established and advanced are usually able to manage inventory management to support the goods and services they sell to the company. Sometimes if the company can’t manage its inventory whether it’s their own products or semi-finished goods and raw goods, it can hamper the process of making these goods or sometimes…
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. And the losses from ineffective inventory management increase the cost of production and its final…
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 reason is that stock outages could cause delays or complaints from customers. Moreover, an overstock…
The physical inventory is basically used to have better control over the inventory. In this way, the warehouse is managed more efficiently, which translates into better customer service and greater competitiveness of the company. It is therefore imperative that a company periodically carry out inventories in order to ensure the reality, exhaustiveness and correct valuation…
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 service to your customer. Also, having optimal inventory levels can help you free up cash…
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 this area should be to maintain an optimal level so as not to generate unnecessary…
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