Inventory control aims at two basic objectives: to minimize the cost of storage and to provide excellent customer service. The availability of an excellent stock and the constant and correct balance of stocks are fundamental for the company’s profitability. The…
The physical inventory is basically used to have better control over the inventory. In this way, the warehouse is managed more efficiently, which translates into better customer service and greater competitiveness of the company. It is therefore imperative that a…
While COVID-19 is a global health crisis affecting thousands of people around the world, significant economic impacts are expected to continue in the future. From a Supply Chain perspective, companies should carefully monitor demand and inventory to meet the loss…
Essentially, optimized inventory management means having the right stock, at the right time, in the right place, and in the right quantity, to generate maximum sales, with maximum profits and maximum cash flow. Therefore, tracking certain metrics makes it easier…
Inventory management is a complex system of interconnected tasks and processes. Regardless of what your business sells, the products are likely stored in one or more locations as inventory. An inventory management company is important for your company, regardless of…
In general, we accept the established processes of inventory management as something natural and, even more, to consider as valid the set of activities that have always been part of the company. Although, who defined it? What is the benefit?…
If you have ever wondered why some companies do not have enough inventory available to meet the demands of their customers, you are not alone. Inventory management remains a bit of a puzzle, especially for companies that have only just…
It is recommended that companies take an annual inventory to keep their records up-to-date and to help you analyze how things have developed during the year. An annual inventory is not as simple as it sounds and should be well…
The opportunity to take inventory begins weeks or even long before your physical intake, particularly with respect to the last inventory of each year. Taking inventory is not an impulse to know the stock of a warehouse, however, it is…
The basis of all commercial companies is the purchase and sale of goods and services; from here comes the importance of inventory management by it. This inventory management by inventory management companies in India will allow the company to maintain control in…