Systum Blog

Post 22 to 28 of 130

Inventory Costing Methods For Wholesale Distributors

Inventory costing is an accounting-based strategy for assigning value to your inventory. This is important for wholesale distributors as inventory costing helps ensure that your business is and remains profitable.   By… View More

How to Use Wholesale Minimum Order Quantity (MOQ) To Grow Profits

One way to increase your AOV (Average Order Volume) as a wholesale distributor is to require a MOQ (Minimum Order Quantity) for certain products.   In this post, we’ll cover how you can bring in additional revenue from your current customers by bringing up… View More

5 QuickBooks Online Inventory Limitations For Wholesale Distributors

Although QuickBooks Online is popular among small to medium businesses, it does present limitations for wholesale distributors, no matter their size.   While QuickBooks Online does offer general purpose accounting features, it lacks the inventory… View More

Reorder Point Formula: The Secret to Inventory Management

Order too much product and you’re stuck with unsold inventory that’s tying up cash. Order too little and you may lose customers due to being out of stock. How does one solve this common conundrum?   Instead of guessing when it’s the… View More

How to Combat Inventory Shrinkage (Inventory Loss) In Your Business

Inventory shrinkage is a problem today for any business that stores products in a warehouse. Ignore the problem and it could cost your business thousands of dollars a year. Or you could lose customers to a competitor because you’re out of stock due to inventory… View More

19-06 Release: Improved Mobile App and New Reporting Options

In this release, you’ll find significant improvements to reports and the mobile application, both of which are critical to your success as a wholesale distributor.   The new reporting options are targeted to impact sales teams. The new… View More

How to Use The Safety Stock Formula To Win Customer Loyalty

Safety stock is an essential component of any successful inventory management plan. Without it, you run the risk of losing a new customer to a competitor or disappointing a current customer by not being able to fulfill their order. Some customers are unwilling to wait out a… View More

 

 

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