What Strategies Can Be Used for Managing and Accounting for Consignment Inventory in Retail: Key Methods for Success
The proper recording of consignment transactions helps in obtaining a precise cost of goods sold (COGS) figure and an accurate assessment of the inventory value. The use of advanced inventory management software plays a pivotal role in streamlining consignment inventory practices. Such software can provide real-time data, forecast demand, and generate actionable insights to help […]