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Cost of Goods Sold: What a 50% Reduction Does for Your Gross Margin

Posted by Zirks on Nov 14, 2019 12:51:00 PM
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COGS Blog

According to Investopedia, the cost of goods sold, or COGS, refers to the “direct costs of producing the goods sold by a company.” To calculate cost of goods sold, take your beginning inventory costs, add your purchases during the accounting period and subtract your ending inventory.

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Topics: supply chain, Importing

The Effect of Supply Chain Management on Your Business When it Goes South

Posted by Zirks on Nov 5, 2019 10:36:00 AM
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canstockphoto26651453

There are many benefits to implementing a supply chain management system, from reducing overhead costs to mitigating risk. Although supply chain management has been around for 100+ years, its widespread recognition came in the mid-1990s as a result of globalization in manufacturing, particularly Asia.

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Topics: supply chain, Importing

Zirks Featured in Crain's Cleveland Business

Posted by Zirks on Oct 21, 2019 8:47:00 AM
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Zirks in the News

The launch of Rocky River, OH-based Zirks has not only been met with great excitement by those in the fastener distribution world, but in the local community as well.

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Topics: News

Changing the Perception of Lead Time

Posted by Zirks on Oct 10, 2019 1:45:00 PM
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long lead times

Lead times have long plagued manufacturing, procurement and supply chains. Simple math tells us the shorter the lead time, the shorter the return on investment. On the flip side, long lead times can mean inaccurate market demand, unhappy customers, loss in revenue and…well, you get it.

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Topics: Importing

Press Release - Earnest Machine-Owned, Zirks LLC., Creates and Launches New Commodity Importing Model

Posted by Zirks on Sep 3, 2019 10:33:00 AM
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Zirks in the News

 

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Topics: Press Release

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