Reduce Inventory Waste with a Lean Operation
As the world shifts towards a sustainably viable means of producing and distributing, companies dealing with inventory are increasingly pressured to limit their inventory waste. Creating a more efficient manufacturing and distribution process doesn’t just benefit the environment; keeping lost profit to a minimum and improving business image are b ... Read More
August 24, 2018 inventory management, lean inventory practices, waste reduction3 Essential Strategies to Prevent Inventory Waste
Every piece of inventory your business holds has a physical cost associated with it as well as less obvious costs. These costs also include transportation and movement of this inventory, the storing space required, the use of containers and packaging, the administration of tracking inventory, the cost of damages, losses and writing inventory off th ... Read More
August 21, 2018 inventory control, lean inventory practices, waste reductionLean Manufacturing and the Food Industry
Lean is a philosophy of delivering value from a customer’s point of view, eliminating waste and continuously and improving a food company’s processes. ... Read More
April 12, 2017 customer demand, food manufacturing, just-in-time methodology, lean inventory practices, stock forecastingThe Dangers of Understocking
If every inventory manager or business owner were to sit down and write a list of their biggest inventory nightmares, it’s a safe bet that ‘stock-outs’ would sit near the top of most lists. And with good reason, as having enough stock to satisfy demand is the central task of any inventory-centric business. ... Read More
September 26, 2016 cost efficiency, cost of business, lean inventory practices, small business, stock demandKeeping a handle on supply chain risk
No business is immune from supply chain risk, but the following principles will allow you to minimize exposure and quickly deal with any problems that do arise. ... Read More
September 4, 2016 lean inventory practices, manufacturing, risk management, stock control, supply chainFive tried and true strategies to turn your overstock liability into a business advantage
Businesses that implement inventory management software, which integrates each node in the supply chain, are generally able to avoid running into an overstock issue. This is because it enables the ability to track, trace and account for inventory in real-time via the cloud. However, for those who remain ingrained in outdated inventory management s ... Read More
August 28, 2016 cost efficiency, lean inventory practices, overstock, supply and demand, supply chain management