Inventory management is one of the most challenging aspects of running a business. Too little and you lose out on business, too
Depending on the nature of your business, inventory management can be among the major determinants of your success. In fact, effective inventory
Excess inventory includes all products that are not being used and are not likely to be used in the near future. Also
Many industrial businesses might find themselves in a position where they are sitting with excess stock. There are many reasons for this.
Stock turnover, stock turn, and inventory turns are all other ways to describe inventory turnover. It’s the movement of stock over a
Excess or obsolete inventory is a common problem for distribution businesses that can run costs of up to 25% per year. Regardless
Until recently, most businesses had fixed arrangements with logistic service providers that relied on ld-fashioned metrics and ordering techniques. Freight routes, shipping
Regardless of industry or sector, when you see an opportunity to expand and increase your bottom line with new stock or products
As your company reacts to client demands and updates current inventory to better meet the needs of your customers, excess and obsolete
So you’ve carried out the first important step with regards to your inventory by checking your stock. And now you’ve discovered discrepancies.