Archive for the ‘Inventory Management’ Category
12 February 2011
Measures of Forecasting Error
It is often said that the only thing certain about a forecast is that it will be wrong. Therefore, it is important to model forecasting error as accurately as possible in order to well define customer service levels and also to plan production and supplier requirements adequately.
Posted by: Tamboura Gaskins at 4:45 pm | Category: Inventory Management | 1 Comment »
Continue10 January 2010
Inventory Management: Cycle Counting to Improve Inventory Accuracy
Cycle counting programs are designed to eliminate or reduce unplanned stock outs. They increase inventory accuracy, improve resource efficiency, and eliminate the need for periodic physical inventory audits. Also, improved inventory accuracy allows for improving service levels while reducing safety stock levels, resulting in a reduction in overall inventory costs.
Posted by: Tamboura Gaskins at 10:16 am | Category: Inventory Management | 3 Comments »
Continue15 November 2009
Inventory 101 – Balancing Stockout and Holding Costs
Ever been caught between a rock—fear of stocking out—and a hard place—determination not to carry more inventory than is absolutely necessary. Well, most inventory managers have been there— wanting to carry enough inventory to guard …
Posted by: Tamboura Gaskins at 2:28 pm | Category: Inventory Management | 1 Comment »
ContinueCategories
- Business Management (1)
- Business Plan (5)
- Communication (1)
- Financial Planning (1)
- Fundraising (1)
- Inventory Management (3)
- Message from the Founder (1)
- Negotiation (3)
- News (1)
- Pricing Strategy (3)
- Service Operations (1)