Inventory

Whether consumers or vendors, your customers rely on you to get quality products delivered on time and in full. Inventory discrepancies caused by inventory data errors are a leading cause of delayed delivery, often resulting in reputational damage and loss of trust.

Any company with a physical inventory needs to ensure optimized stock levels and inventory movements. Tracking inventory management KPIs can go a long way in achieving these goals. In this post, we look at 11 of the most important inventory management KPIs and give tips on how to put them to use.

Raw materials are the substances or components used in the production of goods. Properly managing their raw material inventory allows manufacturers to ensure a smooth production flow, control costs, and respond promptly to customer demand.

With the right tactics, inventory management can help reduce waste and greatly improve the overall efficiency of your operation. In this article, we look at 12 tips to improve your inventory management efficiency.

MRO (Maintenance, Repair, and Operations) inventory is comprised of items that support the manufacturing process but are not directly tracked as part of any bill of materials. Nevertheless, MRO inventory should be managed diligently in order to avoid work stoppages and late deliveries.