Companies that are in the business of selling goods, whether they resell them as retailers or produce them, need to find ways to manage their inventory levels. The process of inventory management ...
Cycle inventory counting is an inventory management approach where part of an inventory is counted each day. A counting schedule is developed, and specified areas of inventory are checked according to ...
Anne Embrey, vice president of fulfillment operations for Replacements Ltd., said her company maintains too much aged inventory with about 4% of orders being categorized as ‘problem’ orders. Embrey ...
Avoiding excessive inventory carrying costs requires maintaining accurate inventory records. One of the most efficient ways to maintain that accuracy is by ...
To continue reading this content, please enable JavaScript in your browser settings and refresh this page. When looking ahead to a new year, make sure your business ...
Taylor Logistics is a full-service, third-party logistics (3PL) company that offers various services including warehousing, transportation, and more to help optimize supply chain management. Their ...
Your ERP isn’t broken — it’s just outdated, because inventory accuracy still depends on stopping the factory instead of ...
Sensormatic Solutions, the leading global retail solutions portfolio of Johnson Controls (NYSE: JCI), today announced a new technology collaboration that can redefine inventory accuracy and management ...
If you’re an e-commerce pro or small business owner, improving your inventory management can help you identify opportunities to free up limited capital. Beyond capital allocation, correct inventory ...
Amidst the recent continued economic volatility, C-level executives’ focus has shifted from revenue growth to profitable growth, and hence global supply chain performance has gained a great deal of ...
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The Zimbabwe Independent on MSNOpinion

Leveraging inventory for cost reduction, efficiency

RUNNING an efficient supply chain system comes with countless challenges, but few are as persistent as inventory management challenges. RUNNING an efficient supply chain system comes with countless ...
In machine shops, the “parts” — i.e., the raw materials, MRO supplies and equipment, works-in-progress, and the finished goods — are vital role in the success of the business. Without effective ...