Category: Inventory Management
18 Targeted Inventory Reduction Strategies for Supply Chain Professionals
Inventory comprises an important part of current assets, particularly in manufacturing industry. A lot of cash flow is committed to inventories so as to ensure a smooth flow
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Vendor Managed Inventory: A Comprehensive Guide
Vendor managed inventory (VMI) is a collaborative relationship between a buyer and supplier to optimize the supply chain and inventory levels for better efficiency and
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How 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
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Safety 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. Safety Stock Definition
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The ABC-XYZ Inventory Management Model – Align Planning Parameter with Business Goals
Why Consider Inventory Management Model? One of the leading problems in SCM is the optimization of inventory. Inventory is actually a consequence of other business parameters
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Quickest Way to Perform ABC Inventory Analysis- Based on Value, Volume & Frequency of Sales
In supply chain most of us has been performing ABC inventory analysis for many years and in many different ways. This method has served us
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6 Basic Benefits to Adapting ABC Analysis of Inventory
Inventory management is a critical task of tracking the flow of goods in and out of the inventory. As an inventory planner/manager you want to
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3 Holiday Seasons of Supply Planning You Need to Beware & Think Ahead Of
In my 10 years of supply planning experience I have observed that despite being aware of usual holidays seasons we encounter throughout year, we still
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JIT System and Supply Chain Management- 5 Salient Features
A JIT System (Just- in-time System) is an inventory management philosophy aimed at reducing waste and redundant inventory by delivering products, components, or materials just
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CSCP VS CIPS – What Should You Choose?
A lot of Supply Chain and Procurement folks who are in the early stage of their ask me if they should go for CSCP vs
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