![]() ![]() Clarify all fees and contract details before signing a contract or finalizing your purchase. For the most accurate information, please ask your customer service representative. Pricing will vary based on various factors, including, but not limited to, the customer’s location, package chosen, added features and equipment, the purchaser’s credit score, etc. ![]() Theoretical inventory: The amount of inventory your business should have on hand (based on calculations by your inventory management system).Įvery type of inventory needs to be managed a little bit differently, which is why there's no single “right” solution when it comes to inventory management.ĭisclaimer: The information featured in this article is based on our best estimates of pricing, package details, contract stipulations, and service available at the time of writing.Maintenance, repair, and operating inventory: Inventory that isn’t sold or consumed but is essential to business operations (like computers or bathroom cleaning supplies).Businesses with cycle inventory usually order excess goods to fulfill the cost-saving measures specified by use of an EOQ formula. Cycle inventory: Products ordered that are more than you currently need.Buffer inventory: Inventory kept on hand by a business owner as safety stock to avoid inventory sellouts in the event of long reordering periods.Transit inventory: Inventory that is currently making its way through the supply chain.Finished goods inventory: The finished goods a manufacturer has in stock.Raw materials inventory: The components or raw goods used by a manufacturer to produce their finished goods. ![]() First thing’s first: we need to talk about the different types of inventory-because believe it or not, all inventory is not the same. ![]()
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