FAQ
Inventory questions, answered straight
Short, honest answers about purchase orders, barcodes, stock control and reordering — including when a spreadsheet or a free tool is all you need.
Purchase orders
What is the point of a purchase order?When should a PO be used?Who issues a purchase order?What should a PO include?What happens after a purchase order is issued?What is a PO vs. invoice?What comes first, the PO or invoice?Can you invoice without a PO?What happens if a PO does not match an invoice?Can you use one PO for multiple invoices?Does a purchase order guarantee payment?What are the advantages and disadvantages of purchase orders?Who is authorized to change a PR or PO?
Barcodes & scanning
Inventory management
What are the 4 types of inventory?What is FIFO, LIFO, and FEFO?What is the golden rule of inventory management?What is the 80/20 rule for inventory?Can I use Excel for inventory management?Is there any free inventory management software?Can QuickBooks do inventory management?Which AI is best for inventory management?
Stock control & reordering
What is stock control in simple terms?What is the easiest way to keep track of inventory?How often should a small business do inventory?How to get rid of unsold inventory?What is the difference between par and reorder point?Is 1.5 a good inventory turnover ratio?What factors affect the inventory reorder point?