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Amazon Selling Partner API (SP-API) Migration and Inventory Management

By Finale Inventory / February 21, 2023

Does your business sell products on Amazon? You’re likely using Amazon MWS, an integrated web service application programming interface (API) to exchange…

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What Is a Markup?

In 2021, U.S. companies had their most profitable year since the 1950s, and much of that is a result of increasing markup averages across and within industries. The average markup percentage that same year was 72% above marginal cost. Rising markups aren’t a new phenomenon. Research shows about a 25% increase overall between 2006 and 2019. Knowing what percentage to mark…

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Workers manually check inventory lists in a warehouse

Is Inventory Considered a Current Asset?

Whether your business deals in raw materials, components and parts or finished products, your inventory is an essential source of potential revenue. It represents a significant investment and is part of your total current assets. Learn more about what current assets are and the best way to calculate and use your current assets. What Is…

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Warehouse worker checking inventory

9 Signs You’ve Outgrown Your Current Inventory Management Software

When you are trying to run a business efficiently, a lack of helpful tools or outdated tools can make work stressful. While inventory and stock are not the most glamorous areas to manage, they are necessary to your business’s success.  That’s why every business needs an efficient inventory management system, whether upgrading an existing system…

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Woman keeping track of stock on her tablet with Finale Inventory

A Guide to Inventory Accuracy

It’s important to keep track of stock to inform customers about which of your products are available and which aren’t. An accurate inventory also lets you plan around future shortages and demands. By keeping track of your production stock and raw materials, you can account for existing products and know when you need to make…

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Workers counting inventory in the warehouse

The Complete Guide to Understanding SKU Rationalization

Stock-keeping units, or SKUs, are crucial tools for inventory management. They provide identification for your products and help businesses keep track of available inventory. You can also use them to track sales trends, optimize future items and improve the customer experience at your stores. However, managing the number of SKUs in your inventory is important….

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Ships, planes, and trucks distributing goods across the supply chain

Everything You Need to Know About the Bullwhip Effect

Businesses use the supply chain to order and distribute goods to consumers. Supply chain layers work together to create and distribute products across the globe. However, disturbances in this chain can disrupt access to goods and other business functions. In the phenomenon known as the bullwhip effect, retailers make larger orders in response to sudden…

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What Is a SKU?

Retailers and manufacturers use a variety of identification methods during inventory management. These codes help you organize products and maintain inventory accuracy, which is crucial for business success. One example is a SKU. Inventory professionals use these frequently for various inventory operations. But what does SKU stand for, and how are they used in inventory…

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Warehouse worker carrying box of inventory to store in warehouse

Storing Products 101: Tips for Protecting Your Inventory

Your inventory is the life of your business. Finding a way to ensure your items are safe and protected, whether they’re in your warehouse or another storage facility, will give you peace of mind and keep your business running smoothly. This guide will take you through factors you should consider to ensure your products’ safety,…

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Warehouse workers stacking inventory

Perpetual Inventory vs. Physical Inventory: What Are the Major Differences?

Perpetual inventory systems and physical inventory systems attempt to keep businesses organized and provide them with data that can help them make accurate decisions and know the correct amount of available inventory. However, these different types of inventory systems achieve these goals through different means. What Is Perpetual Inventory? Perpetual inventory systems are methods of inventory…

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Warehouse workers reviewing physical inventory data on a laptop

How to Take Physical Inventory

As the retail industry continues to grow, maintaining a good stock of your products is crucial for success. Having enough supplies on hand keeps both customers and employees happy. And the best way to keep track of your on-hand items is with thorough inventory counts. With the right inventory strategy, you avoid product shortages and ensure…

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