The Inventory Management Process

Mais informações

Organizational Structure

por Darwin Alvarez

Eat that Frog by Brian Tracy

por Mindomo Team

WBS for building a new house

por niga fatah

INTRODUCTION TO SPORT MANAGMENT ( SMG103 )

por MARCELLA ANAK MARTIN

The Inventory Management Process

Improving your invenyory

10. Efficient stock take and end-of-year process

9. Minimize warehouse costs

8. Trust in your information systems

7. Minimize theft and losses

6. Efficient re-ordering

5. Customer service

4. Identify issues before they get out of control

3. Improve the accuracy of your accounting and profit reporting

2. Don’t waste cash in overstocked inventory

1. Don’t miss sales due to out-of stock items

Shorter Lead Timese

Businesses who actively manage their inventory report a 50% reduction in lead times.

Increased Information Transparency

Know when items are received, picked, packed, shipped, kitted, manufactured, etc.

know when you need to order more, when you’re over-stocked, or under-stocked

Increased Sales

Actively Manage

Accurate Planning

Stay steps ahead of the game and always have the right amount of products on hand by making decisions based on inventory trends

Decreased Stock-Outs

Businesses who actively manage their inventory report a 10-25% decrease in stock-outs

Increased Customer Loyalty

Improve your accuracy and efficiency, and your customers will love you for it

Lower Costs

Effective inventory management practices help result in decreased inventory write-offs, plus lower inventory holding costs

Increased Inventory Turnover

Optimize the value of goods you have and increase inventory turnover by keeping fewer slow-moving products on hand, while increasing your stock levels on profitable goods.

Improved Delivery Performance

Real-time inventory updates improve the flow of goods to customers.

Increased Employee Efficiency

Good inventory management solutions save time. Less time spent on managing inventory results in greater productivity for you and your clients.