Category: Inventory Management

09 Nov

Career Advice, Inventory Management, Logistics, Management Science, Procurement, Sales and Operations planning, Supply Chain Digitalization, Supply Chain Management, Supply Chain Strategy, Tools

Top 10 Supply Chain YouTube Channels to Subscribe

YouTube is a fantastic platform offering a unique feel to social media exploration and learning the latest trends in Supply Chain from professionals. YouTube provides a

29 Jul

Inventory Management, Supply Chain Management

What is Economic Order Quantity & its Advantages

Economic order quantity is one of the “most commonly used inventory-control techniques”. The objectives and advantages of Economic Order Qty (EOQ) are to minimize inventory

14 Nov

Inventory Management

16 Reasons Why it is a Good Idea to Increase Inventory!

When I wrote the article 18 Targeted Inventory Reduction Strategies for Supply Chain Professionals, I got some criticism from some of my readers that I

17 Oct

Inventory Management

Optimizing Inventory and Lead Time Management

The impact of lead time on inventory is well known, but in the real world the relationship can be much harder to define when multiple

11 Oct

Inventory Management, Supply Chain Management

What is Plan for Every Part (PFEP)- 4 Levels of Benefits

What is Plan for Every Part (PFEP)? PFEP – an acronym is originating from the Lean Community. The PFEP is used to define a plan

18 Jan

Inventory Management

7 Rock-Solid Inventory Management KPIs Proven to Control Your Inventory

Every business person understands that the essence of inventory in the running of a business is huge and should not be overlooked. The reason for

22 May

Inventory Management

12 Websites to Liquidate Inventory & Make Money from Excess Inventory

Excess & Obsolete inventory is the most common problem in supply chain. However, Excess inventory does not have to become a liability. Rather than incur

20 Apr

Inventory Management, Logistics, Supply Chain Management

INVENTORY CARRYING COST – 9 PAINFUL CONTRIBUTORS YOU SHOULD TRACK

Inventory carrying cost describes the cost incurred by a business for holding inventory over a particular period of time. Similarly, inventory carry cost is the

08 Mar