Sep 23, 2017 | Business Tips
ShareTweetShare Are you tired of sitting on your hands, waiting for your products to arrive? You may need to implement a few lead time reduction strategies. Lead times vary from industry to industry, but they should still be consistent and relatively short. If you’re...
Sep 9, 2017 | Business Tips
ShareTweetShare Excel inventory management is good for one thing: Running a small business with little growth. If you’re just starting out or maintaining a small business without trying to expand it, then excel inventory tracking would work fine for you. If you run a...
Sep 2, 2017 | Business Tips
ShareTweetShare Do you have a traceability system in place that minimizes accounting errors? Can you verify the history and location of a set of goods in case of a product recall? Are you aware of which of your products are close to expiring and which aren’t? If you...
Jul 29, 2017 | Business Tips
ShareTweetShare What would happen if there was a sudden spike in market demand for your products? Would you have enough inventory to satisfy your customers? Or would you have to hang up the dreaded “out of stock” sign? If you’re unsure, then you probably need to...
Jul 8, 2017 | Business Tips
ShareTweetShare Just-in-time (JIT) inventory was developed in post-world war II Japan when the country had few resources, little money, and high unemployment. It helped Toyota become one of the dominant car manufacturers in the world by making every step of the...
