inventory management

Reducing inventory to improve costs

Reducing inventory to improve costs

The economic crisis is showing signs of falling behind, but that does not mean money is piling up, let alone that it is time to loosen control and the urge to cut back unnecessary expenses. Inventory management is one area…
What is inventory management?

What is inventory management?

Inventory management, in the context of an industry, usually refers to the material resources management that can help the company generate revenue in the future. The person responsible for this part of the management is the Operations Manager. For example,…
What is inventory control? Doing more with less

What is inventory control? Doing more with less

Logistics is often visible through inventory and trucks doing transportation. Today we will talk about the importance of a good inventory control and its management, the different types of inventories and the costs that are associated with them. What is…
Demand management and forecasting

Demand management and forecasting

All major problems in inventory management arise from failures in demand management and forecasting. One of the most serious problems in inventory management is the bullwhip effect: a small variation in customer demand causes a huge trouble in the upper…