Inventory, Warehouse and Supply Chain
What Is Dead Stock? How to Identify and Reduce Inactive Inventory
Distinguish dead stock from slow-moving items using sales, consumption, reservations and seasonality...
Inventory, Warehouse and Supply Chain
How to Check Purchasing Need? From MRP Suggestion to Order
Before converting the purchase suggested by MRP into an order, consider available inventory, open orders, quality pending...
Inventory, Warehouse and Supply Chain
What Is a Warehouse Management System? How Does It Differ From an Inventory Tracking Program?
The difference between a warehouse management system and an inventory tracking program in terms of goods receipt, shelf address, order…
Inventory, Warehouse and Supply Chain
How to Conduct an Inventory Count? How to Reduce Count Discrepancies?
Manage inventory counting correctly from preparation to second check; shelf, variant, unit and document...
Inventory, Warehouse and Supply Chain
What is Serial Number Tracking? How Does It Differ from Lot Tracking?
Track each product individually by serial number; unlike lot tracking, see which items it was used in...
Inventory, Warehouse and Supply Chain
What Are the Delivery Methods of Incoterms 2020? A Guide for Manufacturers and Exporters
The 11 delivery methods under Incoterms 2020 cover transport type, cost sharing and risk…
Inventory, Warehouse and Supply Chain
What Is the Purchase Price Difference? Why Is the Same Material Purchased at Different Prices?
Why the same material is purchased at different prices at different times or from different suppliers; exchange rate, quantity,...
Inventory, Warehouse and Supply Chain
How to Track Batches and Lots in Production?
From raw material receipt to production order and shipment, how batch and lot information is recorded,...
Inventory, Warehouse and Supply Chain
How to Determine Minimum and Maximum Inventory Levels?
With daily consumption, lead time, safety stock, order period, and minimum order quantity...
Inventory, Warehouse and Supply Chain
How to Calculate Safety Stock? Formula and Example
Using average and maximum consumption along with lead time to calculate safety stock and reorder...