Inventory reduction is one of the most pressing issues for many manufacturing companies. Holding a lot of inventory in warehouses is the major reason of reduction in working capital for an organization and most of the times the main cause of huge losses for the businesses. Many companies in today’s working model, hold extra inventory […]
...read more“Excess stock in your inventory”, the words itself tells you that your company is facing the situation of extra inventory in the warehouse, which is holding your working capital and storage space for new products. Many companies argue on the advantages of having excess and safety stocks in their warehouses and believe it’s beneficial in […]
...read moreIn today’s era of technology and online shopping trend, businesses are looking for methods to win more customers with less investment and minimum wastage. Retail and manufacturing companies everyday face the challenge of extra and obsolete inventory in their warehouse which not only increases the business cost but also blocks storage place for more profitable […]
...read moreEvery business has inventory and its cash flow as its lifeline for earning revenue in the longer run. There are different methods and statistics which can be implemented to a balanced inventory cash inflow and productive sales for the business. Inventory turnover methodology is one of them. Let’s understand how this inventory turnover formula will […]
...read moreInventory is the most important aspect of any business. In today’s world of technology, maintaining profitability and growth in business can be a real challenge for any organisation whether big or small. With growing competition through startups and foreign inroads to our economic market, companies are facing numerous challenges like:- Lower rate new products Greater […]
...read moreAs we all know, distributors are the sole of any business model. No matter how much inventory we produce, we need to have a good and efficient distributor to get it to the right set of customers on time. Our business revenue majorly depends on the set of distributors, who picks and delivers products to […]
...read moreInventory management and planning has been the core of any business model. Businesses in today’s era, pay utmost attention to inventory as it usually represents the second largest expense in their organisations. Inventory is applicable to every economic business model, in other words, if any organization engages itself in producing, selling and trading goods it […]
...read moreOver the past few decades, inventory optimization has moved from a theoretical context to more of a practical tool implementation that improves corporate profitability. Inventory management is applicable to every economic industry, due to its underlying dependancy on demand and supply variability which is common across every business model. As we all know that with […]
...read moreIn today’s world of modern technology, managing inventory is a boom as well as overhead at the same time. With just-in-time inventory services and online shopping, many business models are rethinking of ways to reduce the inventory management limitations and moving to more on-the-spot solutions for stock maintenance. Inventory management can have different perception based […]
...read moreImagine a situation in which your vendor had a breakdown and cannot deliver your goods for sometime. What will be your approach to this situation? Are you going to delay your customer delivery due to these issues? Are you going to spend more and fetch goods from some other vendors? What about the old vendor […]
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