Inventory management in the food industry requires tools such as advanced inventory management, lot & serial number traceability, and order management and fulfillment to ensure food quality and safety and to fulfill orders fast and efficiently. Operating within the food industry as a distributor, supplier, or manufacturer is not for the faint of heart. Federal…continue reading
Inventory Optimization Software: A Guide to Best Practices
Inventory optimization software provides the tools for implementing best practices seamlessly through automation and heightened visibility. According to a report from McKinsey & Company, the worldwide cost of inventory distortions, i.e., overstocks, stockouts and shrinkage is $1.1 trillion. Reducing those distortions can lower inventory costs by 10%. Inventory optimization software puts the “best” in these…continue reading
