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Retail Costing, FIFO, LIFO, Average COST?
Retailers live on their margins, so you obviously need to have a good understanding of your real cost of goods sold (COGS). Understanding your costs from your vendors will help you choose the appropriate method, as will your point of sale system.

Other inventory cost Related Articles

How to Shape Up the Inventory when you have 5000+ SKU’s
The goal: NO EXCESS INVENTORY These days, independent retailers cannot afford one piece of excess inventory. Storage costs, insurance, pilferage, damage, depreciation, taxes and interest on loans add up to 30 percent annually to the cost of the goods you carry. Because those costs continue to rise, tight inventory control is still one of the best investments you can make - especially during the buying season.
Weekly Inventory Management System to Cut Food Cost & Reduce Theft
Whether you run a take-away counter or a fine-dine restaurant, the amount of money you make depends to a sizable degree on how well you manage your food inventory. Food cost is often a restaurant’s largest single expense in the overall cost of running a restaurant.
Reducing Shrink
Inventory Shrink represents a major cost to retailers, and it takes a combination of resources and business practices to properly combat it.
Track Inventory in QuickBooks?
The new "EZ Analytics for Inventory" add-on may be the perfect fit for providing the inventory information QuickBooks can't. Read on...
Inventory Financing as a Working Capital Solution
Why an Inventory Finance Solution can be a Competitive Edge . Information on why Canadian business owners should focus on a specialized inventory financing solution for their firm when inventory plays a key role in your working capital mix .

Inventory Loans – Financing Inventory Assets
A inventory financing Strategy for Canadian Business -Information on inventory loans and inventory financing in Canada . Why inventory financing is a key component to working capital and profit growth.
Inventory Finance – Working Capital from an Inventory Loan
Information on Inventory Financing in Canada ;Information on how to view inventory finance in the context of obtaining a separate inventory loan, or a financing which includes inventory as a working capital component .

Everything You Wanted to Know About Purchase Order Factoring and Inventory Finance in Canada !
Financing Cost and Methodology of Inventory and Purchase Order finance . Information on what Canadian business owners and financial mangers need to know and consider in the area of inventory finance and purchase order financing . How does this financing work, and what are the qualifications for approval .

A Different Solution for Business Inventory Financing
Information on Canadian Inventory Finance ;Information for Canadian business owners and financial managers on business inventory financing and the need to control and report on inventory to reduce inventory financing costs.
The Myth Of Inventory Finance Companies
The Real Scoop on Inventory Financing In Canada ;Information for Canadian business owners and financial managers on the ability to finance inventory, are there true inventory finance companies, and , if so, what criteria are critical to obtain inventory financing .

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