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 ...
Inventory control risks affect all companies regardless of how much inventory the company carries. A small business typically has a large amount of its cash tied up in inventory. With such a large ...
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 ...
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 ...
Your ERP isn’t broken — it’s just outdated, because inventory accuracy still depends on stopping the factory instead of ...
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 ...
Challenge: A medical supply manufacturer faced challenges related to inventory and shipping accuracy KPIs. Solution: GEODIS selected this client as the pilot for the Predictive Analytics Cycle ...
Cash flow benefits of vendor-managed inventory extend beyond the obvious inventory reduction. Inventory carrying cost is the opportunity cost of capital invested in stocks along with the added cost 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 ...
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 ...