What is Sales and Operations Planning
Sales and operations planning is a process in which you plan for the sales and production of products. It includes forecasting and tracking the growth of your company. It also…
What is inventory management?
Usually, companies do cycle counts to check inventory balances at the end of either each financial year or calendar year. This activity is fundamental in stock management. However, what does…
Inventory Management Efficiency
Inventory management is an important part of supply chain management. Inventory management can be very vaguely described as optimizing the inventory level between maximum and minimum acceptable levels for every…
ABC Inventory Classification
The ABC method of inventory classification allows you to organize the distribution of the different goods within the warehouse based on their impact on revenue, its value, and its rotation.…
