Should We Always Aim to Reduce Inventory Levels?
Though reducing inventory is generally advisable special situations arise when stocking inventory makes good business sense.
I Can’t Find What I Need in My Warehouse!
Inventory accuracy depends on so many moving parts. But a top-to-bottom understanding of the process combined with speedy adjustment responses would dramatically improve accuracy, thus, boosting business results.
Types of Capacity
Businesses with growth ambitions have to gauge the current capacity of every facet of their facility to plan future productivity
Where Should I Start to Ensure Demand Planning Success?
It’s easy to feel lost when you have no direction from customers about their own sales projections. Get a clearer picture through demand planning.
Cycle Counting by ABC
Inventory accuracy is fundamental to manufacturing and distribution. A 3-tiered cycle counting system can simplify inventory management while improving accuracy.
Customer Collaboration on Orders = RESULTS
Customer collaboration has become cornerstone to success in today’s supply chain driven world.
Often Overlooked Value of Production Planning
Developing and maintaining a working production plan is no easy feat, but the best planners make the job seem effortless.
Cycle Counting Remains Core to Success
Inventory management relies on fundamentals like cycle counting to catch discrepancies. But it has to be coupled with a focus on process disciplines or you’ll end up reliving the same problems every day.
Inventory Velocity
By implementing a SIOP process you’ll be in a better position to leverage your resources for a speedier inventory velocity. Inventory velocity not only accelerates cash flow but it also can contribute to margin improvement. How do we turn inventory faster and keep our money in motion vs. stagnating in the back of our warehouse?
Tips for Physical Inventory Success
Completing a physical inventory is a necessary part of inventory management because accuracy doesn’t just happen, it needs to be achieved.