Category: Inventory Management
Importance of Inventory Management – 14 Awesome Benefits You should know
Do you know the importance of inventory management? I am sure most of you will say yes! But do you know the full range of
Read MoreExcess and Obsolete Inventory Is Killing Your Business – 9 Ways You Can Survive
Amongst the big issues killing any business valuation is the volume of inventory at hand that is placed as excess and obsolete. Excess and obsolete
Read MoreInventory Rationalization: Observations made, lessons learned. [Expert View]
Definition: Inventory Rationalization The action of attempting to explain or justify behavior or an attitude with logical reasons, even if these are not appropriate. The
Read MoreImportance of Stocktaking – 7 Proven Advantages Which Defines the Purpose of Stocktaking for Your Business
In last 13 years, I have been conducting stocktaking every year. When I started as a graduate I was not really aware of the purpose
Read More6 Benefits of ABC Analysis
Get Excess and Obsolete Inventory Policy Dr. Muddassir Ahmed, Ph.D About the Author- Dr Muddassir Ahmed Dr MuddassirAhmed is the Founder & CEO of SCMDOJO. He is
Read MoreABC Analysis in Inventory Management
Get Excess and Obsolete Inventory Policy Dr. Muddassir Ahmed, Ph.D About the Author- Dr Muddassir Ahmed Dr MuddassirAhmed is the Founder & CEO of SCMDOJO. He is
Read More18 Targeted Inventory Reduction Strategies for Supply Chain Professionals
Inventory comprises an important part of current assets, particularly in the manufacturing industry. A lot of cash flow is committed to inventories so as to
Read MoreVendor Managed Inventory: A Comprehensive Guide
Vendor Managed Inventory (VMI) optimizes the supply chain through collaboration between buyer and supplier, enhancing efficiency and cost savings. Given the disruptive nature of supply
Read MoreHow to Develop Inventory Management and Control Report
Please raise your hand if you’ve ever panicked when your boss asked how many items are Out of Stock from Made to Stocklist. Or How
Read MoreSafety Stock Formulas & Calculation- The Ultimate Guide
Before we talk about the safety stock formulas and safety stock calculations, we need to understand the use of safety stocks. Definition of Safety Stock
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