How to manage inventory

Inventory management is more than just knowing what’s been sold and what you’ve ordered. Read what else is involved in keeping the lifeblood of your business pumping smoothly.

Successful inventory management

Learn the strategies and techniques behind successful inventory management. And be smarter in how you buy, count and value your inventory.

 

1. What is inventory?

What is it, why do you need it and what should you be doing with it?

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2. Types of inventory

Understanding the different types of inventory will help you identify it for valuation and management.

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3. Inventory management

Having a complete overview of your inventory will help things run smoothly and profitably, so where do you start?

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4. Inventory accounting

FIFO isn’t a dog’s name. Find out what it is and why inventory accounting is vital for your business.

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5. Inventory management systems

What are periodic and perpetual inventory management systems and how do you do a stocktake?

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6. Inventory management software

Inventory management software is taking the pain out of inventory management. Here’s a few things to consider before you get one.

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7. Get extra support

There’s no one right way to run a business. But we’ve got some  tools and guides to help.

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This guide is intended as general information only. Always check with a professional for advice.

Your guide to inventory

Get the ebook from Xero

Learn about the different types of inventory, how to prioritise your stock, and how to work out which items make you the most money.

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Handy resources for small businesses

Managing inventory is a key part of running a successful small business. You might also find these other resources helpful.

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Cash flow forecast template

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