article thumbnail

Finished Goods Inventory: Definition & Formula

Unleashed

Finished goods inventory are products that have been through the manufacturing process and are now ready for sale. This article breaks down how finished goods are calculated and some key inventory management methods for tracking them as they move through your business. What are finished goods inventory?

article thumbnail

Manufacturing Inventory Management: The Manufacturer’s Guide

Unleashed

Manufacturing inventory management is crucial to the success and profitability of your manufacturing operations. This guide for manufacturers explains how it works and explores the most effective ways to manage inventory in manufacturing. In this manufacturing inventory management guide What is manufacturing inventory management?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Responding to Supply Chain Disruption Amid COVID-19

AIMMS

As transportation lanes become unavailable, the availability of suppliers and components will decrease. Demo in Network Design Navigator . Study multiple resource utilization what-if scenarios and accommodate your production and inventory plan accordingly. Adjusting Demand in Network Design Navigator. We’re here for you.

article thumbnail

Inventory Optimization 101 – Smart & Effective Inventory Management

ThroughPut

Inventory Optimization to Unlock Supply Chain Efficiencies with Cost Reduction. A recent survey shows that 40% of the supply chain industry is already optimizing its inventory and networking tools by adopting advanced technologies and this percentage is said to grow in the next five years. INVENTORY STRATEGY. DEMAND FORECASTING.

article thumbnail

Making The Case for an AI-Driven Transportation Management Software

ThroughPut

Making The Case for an AI-Driven Transportation Management Software . A sound Transportation Management Software can make a lot of difference here for logistics businesses. AI-powered Transportation Management Software – Defining the areas of impact .

article thumbnail

Just-In-Time Management – How to Manage Inventory in 2024

ThroughPut

The Just-In-Time inventory management approach revolutionized manufacturing forever. What is Just-In-Time (JIT) Inventory Management? Its central mission is to curtail inventory expenses and amplify operational efficiency by timing the receipt of goods to coincide with their actual need in the manufacturing cycle.

article thumbnail

5 Actionable Steps: An Ultimate Guide to Demand-Driven Inventory Replenishment Planning

ThroughPut

A roadmap towards achieving demand-driven inventory replenishment planning. Therefore organizations which have a replenishment planning approach with a demand-driven module, ensures inventory optimization , reduces rework, and eliminates bottlenecks in the supply chain to enhance resilience. Why demand – driven replenishment?