Home business articlesMarketing  ecommerce  home based  online internet business  free course
  16 hours of free training in just 5 minutes a day. Teaching you how to grow your online
internet business,
by learning about marketing your home business or ecommerce website with
easy to understand articles.
 
Sign Up Here To Get Free
Business / Marketing Tips
Name:
Email:
  Home              Index Mission Statement Links                  Articles

Sign Up Now

Google
Web .foxonlinelearning.com

 

 

 

Inventory management- helping you at the time of operational scale switch over

Author: Paul

Inventory, in terms of economics is defined as the buffer stock maintain by business ventures to counter problems arising from lead time generation, time lag in supply chain and growing needs of business at the time of switching over to the next scale of operation. Inventory may include a business venture's raw materials, work in process, finished goods and extra supply present in operation. It can be both tangible and intangible.

Maintaining an inventory includes a considerable amount of cost. The cost of inventory may be due factors like pounds, storage space, quality check, wear and tear and any sort of damage including theft. However, cost of inventory management can be broadly divided under two heads- ordering cost and holding cost. Ordering cost remains somehow constant irrespective of the actual value of the product/service to be maintained at inventory. Holding cost varies and depends heavily on the opportunity cost of money.

For effective inventory management, you need to track flawlessly data related to it. It might include a significant amount of record and book keeping. But, you should ensure that the book-keeping process is virtually error-free. Every additions to and reductions from the inventory should be tracked. Proper security should be maintained at inventory to make free from man-made threats like theft.

Inventory management software is of great help in this regard. It automates the process of record keeping at your inventory. Along with it, inventory management software packages have a greater degree of customization to match to the growing needs of your business.

About the Author:

For more information about Inventory management software and CRM Software Solutions. Please visit our website: http://www.interprise.co.uk/

Article Source: ArticlesBase.com - Inventory management- helping you at the time of operational scale switch over

Have a nice day!

Google
 
Web www.foxonlinelearning.com

 

 

Home Business Ideas
Blogging / Podcast

Affiliate Marketing

Customer Service
Email Marketing

Entrepreneurialism
Ezines

Google
Linking Strategies

Negotiation

RSS

Security

SE Optmization

SE Tactics

SE Submission

Small Business

Technology

Team Building

Social Networking
Venture Capital

Video Marketing

Web Design

Web Development

Webmasters

Website Promotion

Website Traffic

Site Map


Business Marketing
Tips Index:

 
 

 Ecommerce

 

 Business

   Selling
   Advertising
   Management
   Planning
   Marketing
         
1 2 3 4 5
6 7 8 9 10
11 12 13 14 15
16 17 18 19 20
21 22 23 24 25
26 27 28 29 30
31 32 33 34 35
36 37 38 39 40
41 42 43 44 45
46 47 48 49 50
51 52 53 54 55
56 57 58 59 60
61 62 63 64 65
66 67 68 69 70
71 72 73 74 75
76 77 78 79 80
81 82 83 84 85
86 87 88 89 90
91 92 93 94 95
96 97 98 99 100
101 102 103 104 105
106 107 108 109 110
111 112 113 114 115
116 117 118 119 120
121 122 123 124 125
126 127 128 129 130
131 132 133 134 135
136 137 138 139 140
141 142 143 144 145
146 147 148 149 150
151 152 153 154 155
156 157 158 159 160
161 162 163 164 165
166 167 168 169 170
171 172 173 174 175
176 177 178 179 180
181 182 183 184 185
186 187 188 189 190
191 192 193 194 195
196 197 198 199 200
         
         

 

 

Home & Index
Mission Statement
Links

Sign Up Now!
to get Free
Busines & Marketing Tips

Unlimited 

Autoresponders by AWeber


         
    Free Articles - Home Business. Ecommerce, Marketing covers USA, New York, Seattle, Philadelphia, Washington DC , Chicago, Baltimore , Atlanta, Dallas , San Francisco, Canada, England, Ireland , and India    
Previous Article   2009 Foxonlinelearning.com   Next Article