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Topic: lean inventory management

Too Much Inventory or Too Little: Finding the Balance

Running short of inventory is a cardinal sin in wholesale or manufacturing inventory management; putting aside lost sales, not having enough inventory means failing to meet customer needs – something that any business with a long-term outlook should avoid. This doesn’t mean that a business should accumulate excess safety stock; as any busin ... Read More

  March 31, 2018     

Five Tips to Keep Costs Under Control in Tight Times

As the external environment tightens, small businesses are feeling the pressure to be competitive more than ever. Businesses that reduce costs and operate efficiently enjoy increased margins and can boost revenue by passing some of these savings on to their consumers. A key task for high achieving leadership teams is to identify areas to reduce [&h ... Read More

  November 21, 2017     

Wait-loss techniques for your lean business

The first thing to understand about a lean business is that fundamentally, it is not just about a cost-saving, or is it a short-term manufacturing goal for a zero-waste bent to please the environmentalist customers you may have. It is about a method of thinking that should govern all processes and operations in the company, […] ... Read More

  October 26, 2017     

How Inventory Management Software Can Fix Your Over and Understocking Problems

For inexperienced businesses and their staff, starting to use inventory management can at first feel like you’re trying to juggle a hundred things at once. With such a variety of processes and problems to manage, monitor and work through, the day-to-day operations of even a small business can be fraught with countless chances for mistakes [&helli ... Read More

  February 15, 2017     

Common inventory mistakes and how to fix them

Inventory management is such a critical aspect of business operations that when things go wrong, there can be far-reaching consequences ... Read More

  January 25, 2017     

Turning overstocking into an opportunity

The reality is that surplus inventory is one of the largest costs for business these days and inventory management is one of the more challenging areas to control. A careful balance is required between reducing costs through streamlining inventory, and the need to meet the increasing consumer demand for product availability. Overstocking to ensure ... Read More

  October 9, 2016