Inventory

Inventory control, inventory optimization, inventory management – are they all just other words for stock replenishment? In a way, yes, but also, not at all! Let’s find out the difference.

Keeping accurate inventory records is an important part of maintaining a smooth running operation. An inventory management software solution provides an answer to this challenge, keeping the business fiscally fit.

Whether consumers or vendors, your customers rely on you to get quality products delivered on time and in full. Inventory discrepancies caused by inventory data errors are a leading cause of delayed delivery, often resulting in reputational damage and loss of trust.

Any company with a physical inventory needs to ensure optimized stock levels and inventory movements. Tracking inventory management KPIs can go a long way in achieving these goals. In this post, we look at 11 of the most important inventory management KPIs and give tips on how to put them to use.

Raw materials are the substances or components used in the production of goods. Properly managing their raw material inventory allows manufacturers to ensure a smooth production flow, control costs, and respond promptly to customer demand.