In QuickBooks, you can't change an inventory item to a non-inventory item; you can only change it to an inventory assembly item. To switch and use non-inventory items, duplicate the inventory items as ...

Multiple inventory control methods exist including aggregate control, item level control, ABC analysis, economic-order-quantity and lot-size methods. Small companies that find it difficult to ...

Learn how average cost flow assumption helps businesses manage costs efficiently in inventory, COGS, and ending inventory. Explore its applications and benefits.

The recent disasters sweeping the nation, from the torrential floods in North Carolina to the fires still raging in Southern California, showed how vital it is to have an evacuation plan because you ...

Small businesses manage inventory efficiently by keeping enough stock to meet demand while avoiding overstocking. To do this, they track what’s on hand, what sells, and when to reorder using simple ...

Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. Learning how to manage inventory ...

Inventory management is the process of tracking where your products are at all times and when to order more. These techniques can improve your inventory management process, independent of software.

Kelly Main is a Marketing Editor and Writer specializing in digital marketing, online advertising and web design and development. Before joining the team, she was a Content Producer at Fit Small ...