Welcome to Mr Dashboard Weekly | July 18 First time here? Join Mr Dashboard Right Now. It’s Free! Welcome back to our weekly roundup! Last week, we shared Mr Dashboard Weekly [July 11], and the response was fantastic. Due to the sheer volume of business insights we want to share, we’re excited to bring you … Read more
Understanding Inventory Management and Its Importance Inventory management is the systematic control of the flow of products in and out of stock. It plays a critical role across industries—whether in manufacturing, retail, or office settings. Poor decisions regarding inventory can halt production, restrict sales, increase holding costs, and hurt customer satisfaction. Efficient inventory management balances … Read more
Understanding Inventory Management for Small Businesses As a small business owner, effective inventory management is crucial for your success. This involves not only tracking your stock levels but also managing orders, sales, and suppliers. If you haven’t yet developed a systematic approach to inventory, it is essential to start now. Why is Inventory Management Important? … Read more
What Is the Inventory Turnover Ratio? The inventory turnover ratio measures how many times a company sells and replaces its inventory over a specific period. It is a clear signal of inventory efficiency and sales performance. Why The Ratio Matters for Your Business Cash‑flow insight: Faster turnover means cash is returned to the business quicker. Stock‑holding … Read more
Warehouse Management System (WMS): Enhancing Supply Chain Efficiency A Warehouse Management System, often abbreviated as WMS, is a powerful software solution designed to optimize the daily operations of warehouses and distribution centers. It supports tactical management of inventory, order fulfillment, and labor coordination by automating and streamlining critical warehouse processes. What Is a Warehouse Management … Read more
What Is the Sales Turnover Ratio? Sales turnover (also called the sales turnover ratio or inventory turnover) measures how efficiently a company converts its inventory into revenue. In simple terms, it tells you how many times per period you “turn” your stock into sales. This metric is a key indicator of productivity, cash‑flow health, and … Read more