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 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 Determine Minimum and Maximum Inventory Levels?
With daily consumption, lead time, safety stock, order period, and minimum order quantity...
Inventory and Warehouse Management
What is ABC Analysis? How is it Applied in Inventory Management?
Classify inventory items into A, B and C categories based on annual consumption value; counting, ordering and...
What is MRP? How is Material Requirements Planning performed?
Using the production plan, product tree, current inventory, open orders and lead time to calculate net material...
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...
Inventory, Warehouse and Supply Chain
How to Measure Supplier Performance? Choose the Right Supplier in Purchasing
How is supplier performance evaluated? Quality, delivery time and price stability, etc…