Inventory waste is considered one of the seven major wastes in lean manufacturing and does not just encompass damaged or obsolet......
Running short of inventory is a cardinal sin in wholesale or manufacturing inventory management; putting aside lost sales, not h......
Lean business essentially involves maximising customer value while reducing or eliminating waste from the production process. Le......
Uncertainties in transportation capacity, underlying costs and demand mean that the cost to merchants can be difficult to unders......
Using Excel spreadsheets to manage inventory, financials and business reporting is costing your company time and money. Here’s......
Just-In-Time (JIT) inventory is a strategy used to increase efficiency and minimize waste in the manufacturing process, increasi......
Manufacturing is relatively unique in the sense that a much higher level of inventory precision is required to successfully scal......
Accurate inventory an effective way of controlling costs, which is why employing inventory software tools will keep stock accura......
Lean manufacturing and Total Quality Management (TQM) first came about through the work of Henry Ford, followed by Toyota in Jap......
There are many risks in the supply chain that can drastically affect a company’s profitability, reputation and ability to func......
