inventory

Key Performance Indicators (KPIs) for Inventory Planning and Control

Key Performance Indicators (KPIs) for Inventory Planning and Control

Keeping inventories at the exact desired level is not an easy task. It requires coordination between purchasing, sales, forecasting and demand planning. Very high inventories guarantee demand satisfaction but incur high costs. Low inventories ensure low maintenance costs but involves…
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,…