Inventory

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.

Inventory shrinkage is a common issue in most businesses that deal with physical inventory. The consequences of shrinkage may include financial losses, operational disruptions, and loss of competitiveness. But how does it happen and how to prevent it?