InventorySales Inventory Turnover Ratio – Formula, Examples, and Tips The inventory turnover ratio is a good indicator of your sales and inventory management performance. Find a balance between sales and stock by using these formulas and tips. By Madis Kuuse 12 min read
Manufacturing TipsProduction planningSales Mass Customization – A Viable Option for Small Manufacturers Mass customization is a mixed manufacturing mode with characteristics from both mass production and make-to-order production modes. Modern software solutions such as product configurators make mass customization available even to small manufacturers. By Madis Kuuse 9 min read
InventoryProduction planningSales How to Manage Product Variants in Manufacturing? Product variants are versions of products with variations in attributes such as color, size, material, features, pricing, etc. Even though selling a product with variants is quite clear-cut, managing their production can be a real headache. By Madis Kuuse 9 min read
Sales What Is Configure, Price, Quote (CPQ)? Configure, Price, Quote (CPQ) is a sales tool that makes it easy to calculate the prices and lead times of complex, configurable products, and to quickly generate quotes with the relevant information. By Madis Kuuse 8 min read
AccountingManufacturing TipsSalesSupply Chain What Are Backorders? Meaning, Causes, and Tips For manufacturers and distributors alike, backorders constitute a reliable means of keeping up sales even after goods have gone out of stock. In this article, we look at the meaning and causes of backorders and weigh their pros and cons. By Mattias Turovski 11 min read
AccountingManufacturing TipsSales Job Order Costing in 6 Easy Steps Job order costing allows companies to allocate manufacturing costs to specific jobs, thereby helping them to give more accurate quotes, measure production efficiency, determine the profitability of specific jobs, and draw better budgets. By Madis Kuuse 10 min read
Choosing a SoftwareInventoryManufacturing TipsSales Shopify Inventory Management Basics for SMEs Setting up a business in Shopify is an easy thing to do. Properly managing that business, however, takes work. Here are some techniques and apps for effective Shopify inventory management. You can also listen to this article: By Madis Kuuse 13 min read
