Category: Inventory Management
16 Reasons Why it is a Good Idea to Increase Inventory!
When I wrote the article 18 Targeted Inventory Reduction Strategies for Supply Chain Professionals, I got some criticism from some of my readers that I
Read More
Optimizing Inventory and Lead Time Management
The impact of lead time on inventory is well known, but in the real world the relationship can be much harder to define when multiple
Read More
What is Plan for Every Part (PFEP)- 4 Levels of Benefits
What is Plan for Every Part (PFEP)? PFEP – an acronym is originating from the Lean Community. The PFEP is used to define a plan
Read More
7 Rock-Solid Inventory Management KPIs Proven to Control Your Inventory
Every business person understands that the essence of inventory in the running of a business is huge and should not be overlooked. The reason for
Read More
12 Websites to Liquidate Inventory & Make Money from Excess Inventory
Excess & Obsolete inventory is the most common problem in supply chain. However, Excess inventory does not have to become a liability. Rather than incur
Read More
INVENTORY CARRYING COST – 9 PAINFUL CONTRIBUTORS YOU SHOULD TRACK
Inventory carrying cost describes the cost incurred by a business for holding inventory over a particular period of time. Similarly, inventory carry cost is the
Read More
14 TESTED FORECASTING METHODS YOU NEED TO KNOW AS A SUPPLY CHAIN PROFESSIONAL
We all know the importance of demand forecasting in the supply chain, but the question people mostly ask which of the many forecasting methods is
Read More
Importance of Inventory Management – 14 Awesome Benefits You should know
Do you know the importance of inventory management?I am sure most of you will say yes! But do you know the full range of benefits
Read More
Excess and Obsolete Inventory Is Killing Your Business – 9 Ways You Can Survive
Amongst the big issues killing any business valuation is the volume of inventory at hand that is placed as excess and obsolete. Excess and obsolete
Read More![Inventory Rationalization: Observations made, lessons learned. [Expert View]](https://dev.scmdojo.com/wp-content/uploads/2018/08/Inventory-Rationalization-850x693-1-750x350.png)
Inventory Rationalization: Observations made, lessons learned. [Expert View]
Definition: Inventory Rationalization [ul type=flag] The action of attempting to explain or justify behavior or an attitude with logical reasons, even if these are not
Read More