Have you ever wondered how businesses decide the value of their stockpile of products? Or how two companies with the same amount of inventory can report different profits? The secret lies in how they calculate the cost of their inventory. This might sound like a simple task, but with fluctuating prices, it becomes a complex… Continue reading FIFO, LIFO and WAC Accounting: Essential Guide for Retail Businesses

Barcodes are an essential tool in trade and logistics. There are several types, each with its own characteristics and uses. In this comprehensive guide, we will explore the main types of barcodes and help you choose the right one for your needs. What is a barcode? A barcode is a graphical representation of numeric or… Continue reading 🔍 Types of barcodes: A complete guide to choosing the right one

Demand planning is a key tool for business decision making, as it allows you to anticipate your customers’ needs and improve their satisfaction while optimizing your production processes and stock flows. In this article, we explain everything you need to know about demand forecasting, from the basics to more advanced methods, the tools that can… Continue reading A complete guide to demand forecasting: Methods and best practices.

In this article we are going to explain the four stages that make up the life cycle of a product, how you can identify which stage a product is in and which are the most appropriate marketing strategies for each of them. In this way, you will be able to better understand the behavior of… Continue reading Product life cycle: stages and marketing strategies