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What Is a Markup?

By Finale Inventory / January 17, 2023

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…

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Recent Posts

Soft vs Hard Inventory Allocation

Gaining control over your company’s inventory allows you to meet customer demand and minimize supply chain challenges. The key to inventory control is inventory allocation, which is the process of tracking inventory across your network. Your network might include warehouses, distribution centers and brick-and-mortar stores. With the correct allocation of stock, you can avoid stockouts…

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5 Reasons Small Businesses Should Have an Inventory Management System

If your small business sells products, an inventory or stock management system is necessary. With an inventory management system in place, you know how much of an item you have on hand, when you need to order more and whether you’re ordering the correct amounts or not.  While older methods of managing inventory typically involved keeping track…

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What Is Inventory Shrinkage?

As a business, your primary goal should be to serve your customers well, which you can accomplish through staying organized and accurately managing your inventory. If you find your company experiencing inventory shrinkage, take the time to reevaluate your company practices. By remaining aware of your options, you can formulate a plan to prevent future…

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store inventory control

What Is Store Inventory Control

From the beginning to the end of all retail operations, keeping track of your store’s inventory is crucial to maintaining efficiency throughout the rest of your business operations. Luckily, in today’s digitized world, inventory control systems make managing your store’s products easier than ever.  Store inventory software can help your business thrive by introducing you…

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10 inventory management best practices for the food & beverage industry

10 Inventory Management Best Practices for the Food and Beverage Industry

The secret for how to stay ahead of competitors is not always flashy advertisements or new products. Simple operational procedures, such as good inventory control, can help you to improve your order management, avoid lost goods, reduce downtime and improve efficiency in pulling food or drinks from the shelves. Whether you own a restaurant or…

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9 most effective inventory management techniques

9 Most Effective Inventory Management Techniques

Inventory management helps you balance your level of stock to ensure you have enough materials to meet demand without having costly excess goods. By properly managing your inventory, you can ensure your stock levels are accurate, evaluate product performance, provide a better customer experience and save your company money. You can manage inventory across five stages,…

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woman smiling typing on laptop

How Effective Inventory Management Can Win You Customers

Inventory management is the logistical balance companies must achieve to accurately measure how well their supply keeps up with demand. Good inventory management tracks the movement and level of products to increase productivity, cut costs and make the best use of resources.  For many companies, the goal of the inventory management process is simply to…

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mobile barcode scanner

How Product Bundling Helps Consumer Electronics Sell

For a company looking to increase its sales efforts, product bundling is one of the most flexible strategies available. Companies in industries ranging from telecommunications to fast-food chains use product bundling and kitting to encourage customers to buy more products. The practice can create powerful sales results for all types of businesses. Makers of consumer electronics,…

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How kitting can save your business money while being sustainable

How Kitting Can Save Your Business Money While Being Sustainable

Kitting is another word for product bundling. It refers to combining multiple products from a business, usually following a theme, into a singular set to sell to consumers. You likely most often see examples of kitting in your favorite fast-food restaurant’s drive-thru line and in holiday raffles or charity events where you might enter for a…

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A bottle of CBD with marijuana leaves.

Selling CBD Online: A Quick Guide

The hemp compound CBD receives a lot of attention in today’s market. CBD oil and other wellness products containing CBD have rising popularity in consumers looking for natural health remedies. If you want to tap into this emerging market, you need to do your research. This guide will give you an overview of the online…

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