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Manufacturing Inventory Management: The Manufacturer’s Guide

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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.

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High Performance Inventory: The Supply Chain Differentiator

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The key lies in high performance inventory. Forward-looking supply chain professionals understand that inventory is not an end in itself; it’s a means – to enhanced customer service, increased profitability, and greater efficiency. What is High Performance Inventory?

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Inventory Carrying Cost: Formula, Definition & How to Calculate

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Inventory carrying cost is an essential figure to understand. Without it, you’ll struggle to accurately measure profitability or make informed decisions around inventory management and cash flow. What is inventory carrying cost? Why is inventory carrying cost important?

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Raw Material Inventory Management: Manufacturer’s Guide

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Every manufacturer knows the importance of raw materials – without them, there’s no final product. Raw material inventory management oversees the procurement, handling, and storage of raw materials. In this guide: What is raw material inventory management? Let’s dive in.

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Workforce Optimisation in the Manufacturing Industry

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It’s an essential process for achieving maximum success in manufacturing. Effective implementation of workforce optimisation strategies ensures you have the valuable workforce resources you need for the growth of your manufacturing operations. The primary goal of workforce optimisation strategies is to reduce operational costs.

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What is Inventory Tracking? Methods, Challenges, & Systems

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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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10 Inventory Control Techniques That Are Evergreen

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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.