inventory management
inventory
inventory management is the supervision of non-capitalized assets inventory and stock items
benefits of inventory management
creased sales
increased information transparency
shorter lead times
lower costs
improved delivery performance
increased employee efficiency
accurate planning
decreased stock-outs
increased customer loyalty
increased inventory turnover
Topic principal
the inventory management process
reception area
raw material and components
storage aareas
shelves
improving your invenyory
don,t miss sales due to out-of stock items
don,t waste cash in overstocked inventory
improve the accuracy of your accounting and profit reporting
identify issues before they get out of control
customer service
efficient re-ordering
minimize theft and losses
trust in your information systems
minimize warehouse costs
efficient stock take and end-of-year process
