With the right inventory tools, small and mid-sized businesses can effectively manage their inventory Inventory management continues to play a critical role in the success of an organization. However, because of the domino effect businesses have on the overall economy, recently “unsold inventory created a big drag on the economy”. According to NRF Chief Executive…continue reading
The inputs and outputs of supply chain and inventory management
Watch the above video (2:45 min.) How to Take Control of Your Supply Chain Supply chain management is a critical component to product-driven businesses. For successful supply chain management, understanding the four stages: purchasing, inventory control, order fulfillment, and customer satisfaction is key. An optimized supply chain can lead to better purchasing practices, stronger inventory…continue reading