Manufacturing TipsSupply Chain What Is Vendor Managed Inventory (VMI) and How To Use It? Vendor Managed Inventory is a practical supply chain management method that can lead to better inventory optimization, reduced costs, and stronger relationships between companies. But only if it’s done right. By Madis Kuuse 11 min read
InventoryManufacturing Tips Inventory Optimization Methods and Techniques Inventory optimization is the act of balancing inventory costs, service levels, and the complexity of inventory management. While there is no single magical solution for keeping your stock optimized, different methods and techniques are brought together in ERP/MRP systems. By Madis Kuuse 7 min read
InventoryManufacturing TipsSales What Is SKU Rationalization? Determining which products to continue selling and which ones to discontinue is a challenge most businesses need to face at some point. Because there are many aspects to consider before cutting your product catalog, the process of SKU rationalization is here to help you find a balance between too many and too few SKUs. By Madis Kuuse 8 min read