Corporate Finance Learning® on LinkedIn: Inventory level planning. Credits to Bojan Radojicic, follow him for more… (2024)

Inventory level

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Navigating inventory costing can be complex, but we've got you covered! Our latest video breaks down the essential costing methods, helping you choose the right one for your business. Perfect for enhancing your inventory management and financial planning. #inventory #businessgrowth #inventorycontrol

📅 Thursday, November 9🕐 11 AM EST📣 WEBINAR: The Cost of Not Costing Right!Now more than ever it is important to have all your product costing, quoting, and pricing processes established in your organization.This presentation will discuss “having the right data in the right place”, applying the right business logic on how to calculate cost and profitmargins, and how it supports making better data driven decisions for your organization.Learn how companies are successfully living the journey from costing a product to creating accurate customer-facing price quotes for their products. They use analytical toolsets to create Quote-to-Actual analysis activities to identify profit margin leakages across the value chain.Register now: https://lnkd.in/gJjmDg8a#costing #pricing #financeleadership

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If you're a finance executive or professional under constant pressure to make critical decisions that impact your organization's bottom line, this event is for you. You will learn about best practices and technology solutions and have the chance to connect with other costing and profitability professionals.Some of the awesome content that will be covered:✔️ Cost Analytics✔️ Cost-to-Serve✔️ Cost-Based Quoting & Pricing✔️ Profitability Analysis✔️ Driver-Based Costing✔️ Supply Chain CostingRegister Here: http://ow.ly/UEyx50O9YTI#CostProfitNow2023 #cost #costing #financeleaders

Forecast unit sales 📈 and perform custom order planning 📝 based on prior year numbers with our #manufacturing forecasting and order planning template.Start planning inventory needs to quickly respond to market demand and adjust production within minutes. ⏰Download our 🆓 template here: https://bit.ly/3Cs4ZlW#financialplanning #finance #venasolutions

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Activity-Based Costing (ABC) is a methodology that allows you to visualize how each activity in the organization contributes to the generation of costs and revenues. Therefore, despite being very versatile, it is especially indicated for businesses that have a complex structure:- Companies that produce/offer a wide variety of products or services;- Companies present in different markets;- Companies with multiple activities that consume resources in varying amounts;- Companies that offer customization of products or services;- Companies with production processes in numerous steps;- Companies that need to gain control over indirect costs.Not sure if ABC costing is right for your business? Contact our specialists for more information.https://lnkd.in/gWMPxuEf

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Want one more inventory management essay? Don't worry we got you covered...! Next week part 2 of inventory management will be out..!#CMA#CertifiedManagementAccountant#ManagementAccounting#CaseStudies#BusinessAnalytics#FinancialAnalysis#StrategicManagement#CostAccounting#PerformanceManagement#DecisionMaking#BusinessConsulting#FinancialManagement#BusinessStrategy#DataAnalysis#CorporateFinance#ManagementConsulting#AccountingProfessionals#ManagementAccountingSkills#CMAExam#ProfessionalDevelopment

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"Time for a crash course in business finances! 📊💰 COG vs. COGS: Not just acronyms, but key indicators of your company's financial health. 🔄COG (Cost of Goods) covers all production-related expenses, while COGS (Cost of Goods Sold) zeroes in on costs directly linked to goods sold during a specific period. 🛠️🔍COG provides a broader view of the overall expenses tied to bringing a product or service to market, but it doesn't specifically focus on goods that have been sold during a particular period. Understanding COG is fundamental for evaluating the total production costs in a business. 💼📊Now, let's find COGS. It's the sum of direct costs like raw materials, labor, and manufacturing overhead. Subtract the closing inventory from the sum of opening inventory and purchases during the period. Voila! You've got your COGS. 🧮📈Stocktaking offers several benefits, particularly when calculating COGS (Cost of Goods Sold):Accurate Financial Reporting: Regular stocktaking ensures that your inventory records align with physical stock, leading to more accurate financial statements. This accuracy is crucial for precise COGS calculations.Prevention of Overstocking/Understocking: By keeping track of your stock levels, you can avoid overstocking (reducing carrying costs) or understocking (preventing missed sales opportunities). This optimization directly influences COGS by managing the balance between production costs and goods sold.Identification of Shrinkage or Losses: Stocktaking helps identify discrepancies between recorded and actual stock levels. Detecting and addressing shrinkage or losses promptly is vital for maintaining accurate COGS figures and overall financial health.Cost Control: Understanding the actual quantity of goods on hand allows for better cost control. This directly impacts COGS by helping businesses manage expenses related to production, ensuring a more accurate reflection of the costs involved in goods sold.Strategic Decision-Making: Accurate COGS information resulting from effective stocktaking enables informed decision-making. This is essential for setting pricing strategies, optimizing production processes, and overall business planning.In essence, stocktaking is a critical practice that directly influences the accuracy of COGS calculations, providing a solid foundation for financial management and strategic decision-making in any business. 📊💡 #Stocktaking #COGSBenefits #BusinessEfficiencyUnderstanding COGS helps gauge profitability and refine pricing strategies. Mastering these basics is a game-changer for financial clarity! 💡💼 #BusinessFinance101 #COGvsCOGS #FinancialInsight"

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🚀 Elevate Your Cash Flow Game with Cash Flow Mastery Talks! 📊Join us for a deep dive into "Inventory Management Techniques: Minimizing Stock Holding Costs" in this special session with Cash Flow Mike, Mike Milan!💼 In this webinar replay:🔍 Explore valuable insights on determining optimal inventory levels for your business.💡 Learn strategic techniques to minimize stock holding costs and boost your cash flow.🌐 Gain mastery over inventory management to enhance your overall financial efficiency.🎙️ Don't miss out on this opportunity to sharpen your cash flow skills with expert guidance.#CashFlowMastery #InventoryManagement #WebinarReplay #Accountant #Bookkeeper #CPA #SmallBusiness

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As business owners, understanding the true costs of your products is crucial for informed decision-making. Enter Activity-Based Costing (ABC):What Is ABC?: ABC provides a more precise way to calculate actual product costs compared to traditional methods. It allocates overhead by considering specific activities that contribute to costs, rather than relying solely on variables like labor hours or machine hours.Why It Matters: By identifying and measuring the costs of activities involved in product creation, ABC reveals which products are truly profitable. High-volume, low-complexity items may surprise you with higher profits, while customized, low-volume products may show lower margins.Better Pricing Strategies: Armed with accurate cost data, you can make informed pricing decisions. ABC helps you optimize profitability and allocate resources effectively.Stay Ahead: In today’s competitive landscape, mastering ABC ensures you stay ahead by understanding the intricacies of your product costs.#Controller4Hire #Finance #Accounting #BusinessInsights

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