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 managementInventory management overview: what is it and what are some of the benefits?
Inventory management may be a term you have heard thrown around business journals, although you may have never had a good understanding of how to achieve it. Inventory management is basically just that, managing inventory and ensuring that the balance of inventory coming in to inventory being manufactured and shipped out is as close as […] ... Read More
July 13, 2017 excess stock, inventory management, inventory management software, inventory management system, stock forecastingLean 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 forecastingCommon 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