To calculate safety stock, work out your average daily use for a product and multiply it by its average lead time – how long i......
As a component of supply chain management, inventory management oversees the flow of goods or components from manufacturing to w......
https://youtu.be/Qg7bFvTiIsw?rel=0 Now into its fifth year, The Pillow Collection designs and manufactures designer throw pillow......
For most stock-based businesses, inventory is likely to be the business’ biggest asset. Even if a business has some other, hig......
A stocktake is a record of the inventory a business has on hand, which is commonly done at the end of the year. However, some bu......
In inventory management, the Just-In-Time or JIT system reduces wastage, improves efficiency and productivity, and contributes t......
Inventory is vital for any goods sector business; retailers and wholesalers rely on inventory for sales, while manufacturers nee......
Without keeping an accurate record of your company’s inventory, you risk dissatisfying your customers and ultimately, losing p......
For many businesses, inventory is one of the largest items on the balance sheet, so it is important to understand what constitut......
Knowing your inventory is critical. Here are four reasons why access to up-to-date, accurate inventory will keep you trading and......
Maintaining accurate inventory levels is a crucial part of a business. Here are five benefits of having correct inventory levels......
