It’s crucial for ASCs to reduce inventory variance, which is the difference between what the inventory record shows and the actual amount of inventory on hand, according to Hybrent. 1. A small amount ...

Small businesses often estimate their inventory. If you operate your business on the basis of inaccurate inventory figures, however, you may experience stock outs -- running out of products when ...

There are a few management essentials every restaurateur needs to know to run a successful business. Tracking your exact food and beverage costs, actual usage and sales—and analyzing the differences ...

Real-time tracking of all inventory items from ordering to depletion at the restaurants is possible with a web-based back office system. Detailed tracking of every product from procurement to ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Somer G. Anderson is CPA, doctor of ...

Imagine if you could magically erase 16 costly work hours from your company’s business day. That dream-come-true is what has Tim Balsimo, president and founder of Quality Pet Products in Woodbury, ...