We previously spoke about the process of cycle counting, and how it increases your accuracy. In that post, we also mentioned the ABC style of analysis, though we didn’t go into much detail. That changes today! In this article, we’ll go over what ABC analysis is, how...
Today we’ll be talking about ERP systems (Enterprise Resource Planning), sometimes referred to as ERP software. They’re similar to inventory management software, but there are some important distinctions. It’s generally accepted that an ERP system is “more powerful”...
Knowing what type of inventory your business carries can help you manage it effectively. There are over a dozen types of inventory, but we can break it down into several key categories. Today, we’re looking at the five fundamental types of inventory that every...
Manufacturing methods are constantly evolving. Today, the industry reaches far and wide, with a vast range of types and subtypes of manufacturing. But no matter which area your business falls under, you’ll need to adopt one of the 6 types of manufacturing...
Knowing how quickly stock sells gives businesses a good insight into their inventory management. No matter the size of your business or the industry you’re in, it’s important to know how long you hold onto stock so you can optimize processes. This is where the days...