Inventory is a crucial ingredient to any business within the supply chain and we all know that inventory levels of raw materials, semi-finished goods, or finished goods need to be effectively managed to control inventory costs. But, even though... Read More
As a manufacturing business, you probably have an existing solution that enables you to set your inventory levels, plan your manufacturing, suggest raw materials and components you need to order to support your manufacturing process. In our... Read More
In the land of inventory, not all things are equal, and each stock item behaves differently. Determining the difference and classifying these accordingly is the starting point of any successful inventory management system. Let's first define what... Read More
Warehouse and inventory management are two crucial functions found in most supply chain companies. The competitive landscape is fierce, so it should be every business owner's desire and ambition to get these two functions as streamlined and... Read More
[LAST UPDATED 30 June 2020] Read More
In Part 1, we discussed the shortfalls in the 7 compelling reasons why not to use a spreadsheet for your inventory planning In part 2, we look at what is expected from a spreadsheet from an Inventory Management perspective. Read More
When it comes to disruptions in the supply chain, we may not be in control of external factors such as political, environmental, or, as we have recently seen, pandemics. However, we are in control over what happens inside our operations. If every... Read More
Most small businesses start off with a few products which are easily managed in a spreadsheet. As your business grows, you gradually start to expand your range. Since the growth is over an extended period you often don’t feel the negative effect of... Read More
[LAST UPDATED 27 MAY 2020] Read More
In this article Identifying excess stock Read More