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Implementing an Inventory Management System at RelaxTech
RelaxTech, a growing eCommerce business specializing in at-home massagers, was facing significant challenges in managing its inventory. As a marketplace seller Amazon and its own Shopify store, RelaxTech experienced frequent stockouts, overstocking issues, and inconsistent product listings across these two…
Maximizing Profit Case Study: How Cost Matching Drives Financial Success
In today’s competitive business landscape, maximizing gross profit requires strategic planning and meticulous cost control. One powerful technique to achieve this is cost matching. At its core, cost matching involves aligning the direct costs of production with the revenue generated…
Accrual Accounting: it’s more accurate, but is it the enemy of cash flow?
If you’ve ever wondered why your business is struggling with cash flow despite a strong month of sales, you’re not alone. Many entrepreneurs face this puzzling situation—sales are up, but the bank account isn’t reflecting it. What Is Accrual Accounting?…
Mismanaged finances can reduce profitability
by up to 30% —a risk no cannabis or adult CPG
brand can afford.
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