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PAR Levels in Inventory Management (with Formula & Examples)

Unleashed

PAR levels are used widely in industries that handle perishable items – such as hospitality and pharmaceuticals – to calculate the level of inventory needed for a given item so businesses don’t run out before their next delivery. The PAR level determines the optimum amount of inventory stock needed on hand after each order delivery.

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What is Inventory Management Software and How Does It Work?

Unleashed

Inventory management software helps businesses keep track of stock and be more efficient in their daily operations. It automates tedious manual tasks that can be prone to human error, improving the accuracy of a company’s recorded inventory levels and reducing inventory carrying costs.

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The Batch Food Traceability Survival Guide

RFgen

Overview: Food Traceability Is a Growing Compliance Challenge. Calculating the Cost of a Food Recall. Additional Food Traceability Resources. Food and Drug Administration (FDA) first exercised new powers granted under the Food Safety Modernization Act (FSMA) to shut down processing at the Sunland Inc.

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Management of Ocean Transit Time Reliability and Visibility

The Logistics & Supply Chain Management Society

but when demand slowed, the pressure to reduce inventory becomes a lot higher. Supply chain visibility provides the ability to view and track inventory in real-time or near real-time across all modes from raw materials to finished goods at the customers door. 2022 ocean schedule reliability dropped to 30%.

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6 challenges facing medical device manufacturers and how ERP analytics can provide a cure

SYSPRO Smarter ERP

From stringent quality standards to comprehensive documentation requirements, Class 1 and 2 manufacturers must navigate a complex landscape to ensure compliance and product excellence. The ability to monitor transfers between multiple warehouses provides complete visibility, ensuring efficient inventory management.

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Earth Day spotlight: What it means to be a Benefit Corporation in CPG

crisp

For Earth Day, we spoke with Crisp customers (and B Corps) Good Food for Good and Purely Elizabeth to learn about the global B Corp movement and what it means to be a mission-driven CPG brand. B Corp spotlight: Good Food for Good Not surprisingly, CPG brand Good Food for Good ’s business is built on the foundation of doing good in the world.

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Are Ghost Assets Haunting Your Inventory Control?

Supply Chain Game Changer

Do You Want Inventory Turnover Breakthrough? It’s still being recorded in inventory and accounting systems. After an asset has broken, been sold, been misplaced or otherwise become unusable, it sometimes doesn’t get properly accounted for in inventory and record-keeping. Subscribe Here! Email Address.