Are You Using the Right Inventory Control System?
As an inventory stock manager it is significantly important to be able to develop an inventory stock control system to manage customer demand. This is because that demand for the product will control inventory costs, carrying costs, ordering costs and storage costs. Inventory stock control systems can be categorised as push or pull models. Knowing ... Read More
January 2, 2018 freight costs, inventory control, push and pull productionInventory Control: Balancing Inventory and Demand
Having enough inventory should be one of the biggest priorities for any stock-based business. Running short means missing sales and letting down customers, while carrying too much involves tying up lots of capital to buy and store inventory that your business doesn’t actually need. Inventory managers have approached this balancing issue in two di ... Read More
December 27, 2017 inventory control, push and pull production, stock levelsPush or Pull: Choosing Your Inventory Control System
Inventory control is exceedingly important for your company though achieving it can be very tricky. Accurate inventory management is largely based on the inventory system implemented and the nature of the company and its products. Here we delve into the differences between push versus pull inventory control systems and which would be best suited fo ... Read More
December 9, 2017 inventory control, push and pull production, supply chainWhy Inventory Management Software is a Must for Distributers
For the modern distributers, managing inventory supply chains can be a task that fits anywhere between simple and reasonably predictable, to highly complex with massive fluctuations. Each supply chain tends to have its own challenges to overcome, along with a wide variety of potential problems caused by any number of variables. While there is a [&h ... Read More
August 27, 2016 cloud-based software, distribution, inventory tracking, mobile technology, push and pull production