itemit Asset Tracking Blog.

Learn to calculate Cost of Goods Sold (COGS) with precise asset tracking. Explore key formulas, inventory methods, and best practices for better financial reporting

How to Calculate Beginning Inventory: Formula & Examples

Apr 10, 2025

Learn how to calculate beginning inventory using simple formulas. Understand its importance in inventory management and financial tracking. Read more!

How to Improve Order and Inventory Management for Your Business

Apr 3, 2025

Learn effective strategies to optimize order and inventory management for your business. Reduce errors, improve efficiency, and streamline operations.

Construction Material Storage: Reducing Waste and Improving Asset Tracking

Mar 24, 2025

Optimise construction material storage to cut waste and boost asset tracking. Improve material handling in construction for efficiency and cost savings.

Exploring Different Types of Inventory and Their Impact on Asset Tracking

Mar 19, 2025

Learn about the 4 types of inventory—raw materials, WIP, finished goods, and MRO—and their impact on asset tracking. Discover strategies for better inventory management.

Inventory Planning Best Practices: Avoid Stockouts and Overages with Asset Tracking

Mar 12, 2025

Discover inventory planning best practices to avoid stockouts and overages. Learn how asset tracking improves accuracy, reduces waste, and optimizes supply chain management.

Markup vs. Margin Difference: Optimise Inventory Profitability

Mar 5, 2025

Learn the key differences in margin vs markup in inventory management. Understand how each affects pricing, profitability, and business growth to optimize your strategy

How to Optimise Product Inventory Management

Mar 3, 2025

Learn how to optimize product inventory management with effective strategies, a product inventory management system, and best practices for efficiency.

Buffer Stock in Inventory Management: How It Optimizes Supply Chain Efficiency

Feb 24, 2025

Learn the meaning of buffer stock, its role in inventory management, and how it optimizes supply chains. Explore strategies and tools for effective stock management.

What Is an Online Inventory Management System?

Feb 19, 2025

Discover what an online inventory management system is, how it works, and why it’s essential for efficient inventory tracking and business success.

How Inventory Financing Can Improve Asset Tracking Efficiency

Feb 17, 2025

Learn how inventory financing enhances asset tracking efficiency, streamlining operations, boosting cash flow, and improving inventory management for your business.