Category: Inventory

Inventory write-offs can have a significant impact on a company’s bottom line. A write-off is when a business takes an expense or loss that cannot be used as a deduction against income to reduce taxes. This can occur when inventory is damaged, stolen, lost, or simply becomes obsolete due to changing customer preferences. In this […]

Expiry dates are a major concern for food supply chains. Without proper tracking, companies can lose money as expired food is discarded and must be replaced. Fortunately, data can help mitigate this issue. By leveraging data-driven analysis and insights, businesses can more accurately forecast demand and prevent unnecessary losses due to expiry. Let’s look at […]