Introduction to Advanced Inventory Management Trends in 2024 (The Evolution Towards AI Inventory Management and Sensor Technology)
Understanding the carrying cost of your inventory is crucial for determining how much money you could be wasting by holding unneeded inventory.
Stockroom and service truck inventory managers have typically stocked inventory so there’s always product to meet demand, even if it...
Optimizing inventory on hand in a point-of-use location takes knowledge of inventory principles and formulas, as well as the tools ...
Lean management originated in Toyota’s quest for the perfect manufacturing process in the auto industry. In the 1940s, Toyota implemented ...
Inventory optimization software replenishes stock automatically and manages inventory levels to cut carrying costs and eliminate the risk of stockouts. After only 45 days of use, eTurns’ TrackStock app can suggest optimal minimum and maximum stocking levels based on usage and lead times.
Efficient distributors realize that the cost savings from reducing consignment inventory are both one-time and ongoing.
Over the past few months, we’ve seen increased interest by medical clinics, EMS organizations and healthcare facilities in our Internet ...
An immediate struggle for many distributors is the sudden slowdown of incoming cash flow due to delays of projects, struggling ...
Now more than ever, distributors can’t rely on historical sales as a basis for actual customer demand. Forecast error is the difference between the forecast demand and the actual demand. The greater the difference, the greater the impact on your cash.
