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10 Inventory Control Techniques That Are Evergreen

SCMDOJO

Understanding the most valuable inventory control techniques, along with utilizing inventory control template Excel, is essential if you want to ensure effective inventory management. The primary goal of inventory control is to reduce the costs associated with holding stock.

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How To Jump

Supply Chain Shaman

Can we build collaborative platforms for role-based discussions across commercial (sales and marketing) and operations (manufacturing, logistics, and purchasing) teams? Focus on improving operating margin, inventory turns, and revenue/employee simultaneously. This analysis occurs with each run of tactical planning.

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Your Expert Guide to Inventory Audits: Best Practices & Tips 

ShipBob

Table of Contents ** Minutes What is an inventory audit? When it comes to selling goods, ecommerce businesses may audit their inventory — whether it’s for tax purposes annually or to simply verify units on hand. Inventory audits can be done in-house or by a third party and represent one point in time. What is an inventory audit?

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What is Inventory Tracking? Methods, Challenges, & Systems

Unleashed

Effective inventory tracking is a critical component of inventory management. There are two main ways businesses can track inventory: manually, using spreadsheets and logbooks; or automated, using inventory software systems. What is inventory tracking? It helps to reduce inventory shrinkage and loss.

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Who Should Be In The Winner’s Circle?

Supply Chain Shaman

(When Gartner purchased AMR Research in December 2009, the methodology became the Gartner Supply Chain Top 25. The methodology did not include a peer group analysis, and I strongly felt that chemical, retail, and telecommunications companies should not be compared in the same analysis. The reason?

Gartner 239
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7 Reasons Why You Should Reduce Inventory

SCMDOJO

Are you tired of dealing with excessive inventory levels that eat up your storage space, tie up your capital, and hinder your company’s growth? If so, then it’s time to consider the numerous benefits of reducing inventory. Inventories are designed to match customer(s) demand. The same applies to inventory reduction.

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Xero Inventory Software: Read This Before You Invest

Unleashed

If you’re running a product business and using Xero for your accounting, you’ll need to implement some form of inventory management. While the platform offers some inventory features of its own, many businesses will require something with greater functionality. Do you need integrated Xero inventory software?