Across our six locations, our physical inventory variance was zero and we’re proud of it. This tells you exactly nothing. A Tale of Jack and the Pride of It All… Jack is the owner of an industrial products supplier with five sales/inventory warehouses including one large distribution center. Jack called me and asked if I […]
Tag Archives | inventory management
Inventory Management. How to Do It Right.
Editor’s Note: Vishnu Rayapeddi is a recognized pioneer of Lean Management and founder of Productivity Solutions. You can view all of his Supply Chain training materials on Flevy here. * * * * For accountants “inventory is an asset” and it is shown that way on balance sheets! Is inventory really an asset? Inventory is an […]
Lean Inventory Management: Using Lean Initiatives to Manage Inventory
More firms are implementing lean inventory management techniques to reduce costs, improve flexibility and have more time to focus on their customers. Lean supply chain and inventory management enable Small Medium Businesses (SMB) to improve efficiency and increase profits. As firms look to reduce waste, increase turns and be more flexible with their inventory, management […]
