Inventory

An Urgent Matter of Supply Chain Preference

COVID-19 has accentuated problems and accelerated change in a global supply chain environment already under stress.

What is Minimum Order Quantity (MOQ)?

Minimum Order Quantity can help preserve customers while lowering inventory, improving cash flow, and profitability.

What is a Warehouse Management System?

As warehousing becomes more complex, there is a need to automate all processes to align them with automation already taking place in supply chain management (SCM). Modern Warehouse Management System can help.

What is Supply Chain Management (SCM)?

A supply chain, or logistics chain, is a system of processes, people, activities, information, and resources needed to get a product or service from producer to consumer.

Understanding and Managing Backorders

Backorders are orders for goods that a company cannot fill at present because demand has outpaced supply.

What is Capacity Planning in Manufacturing ERP?

Capacity Planning used in conjunction with an ERP system can improve the accuracy of planning and help control costs as well as plan for future expansion and growth.

Inventory Control – What is it and Why it is Important

Inventory control allows companies to maintain the proper balance of stock in their warehouses and help with providing superior customer service.

Inventory Adjustments Within a Manufacturing ERP

By implementing common sense and best practices for inventory adjustments, a company can realize inventory accuracy that keeps processes on track.

Why Food Manufacturing is Hard and How MRP System Helps?

For a food manufacturing business, many requirements must be met, which can vary depending on the type of food you make, the facilities that you use, and the market you operate in.

What is Reorder Point and Reorder Point Formula?

The reorder point, also known as ROP, is the inventory level at which an order is triggered to replenish the inventory stock. Read more from this article.

Different purchasing practices for manufacturers

A robust and accurate planning system is critical to any manufacturer. In this article, we are comparing different purchasing practices – ROP/ROQ Principles vs MRP System Planning.

Stock Keeping Unit (SKU) – best practices for inventory classification

Following good practices is recommended when managing the SKUs. Here is an overview of some of the best practices to follow.

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