Business Tips
2 ways to reduce lead times in the supply chain
Lead times play a huge role in inventory management. Lead times are the amount of time it takes for you to receive your products from the time you place a purchase order with your supplier. That means if you can reduce your lead time, the results will create a need to carry less stock, allowing […] ... Read More
July 24, 2017 inventory automation, inventory forecasting, lead time, stock forecasting, supply chain, supply chain management
Business Tips
Lean 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 forecasting
Business Tips
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 customer retention, inventory mistakes, lean inventory management, serial number tracking, stock forecasting