Understanding Economic Order Quantity
09 Aug 2022
Understanding Economic Order Quantity - factors | investigate | works https://youtu.be/g3l_X7bq_qQ Understanding Economic Order Quantity What\'s the perfect amount of inventory to order? Many people will say it\'s the order that results in the lowest total inventory cost. Well, that\'s the definition of the economic order quantity or EOQ. The goal of EOQ ...
How to Manage Services Inventory
08 Aug 2022
How to Manage Services Inventory - inventory | services | product https://youtu.be/7pLyQih_Mf0 When most people think of inventory, they think of a physical product. Services have inventory also but it\'s quite different from factory inventory. It\'s a common belief that service business cannot store inventory. A restaurant, for example, would view empty ...
How to work with Supplier to Manage Inventory
05 Aug 2022
How to work with Supplier to Manage Inventory - supply chain | lean | tactics https://youtu.be/WMPlsx_U1uc How to work with Supplier to Manage Inventory Companies no longer compete against companies. Supply chains compete against supply chains. But what does this mean exactly? Your supply chain is made up of your company and all ...
Inventory Management | The Role for Inventory Management
25 Jul 2022
Inventory Management | The Role for Inventory Management - balancing supply | demand | service https://youtu.be/t9rkMFXS68k Inventory Management | The Role for Inventory Management Inventory is absolutely one of the most useful tools for balancing supply and demand. Managed well, inventory helps you provide better service to your customers, but managed poorly, it ...
Items That Make Up Merchandise Inventory
12 Jul 2022
Items That Make Up Merchandise Inventory - reselling | merchandise inventory | consignment https://youtu.be/ivunA78UGKg Items That Make Up Merchandise Inventory Merchandise Inventory When you go into a store and see all the items that store has available for sale, you know each of those items are part of the store\'s merchandise inventory. What most ...
Operations Scheduling: Input & Output Control
11 Jul 2022
Operations Scheduling: Input & Output Control - input | output| production chain https://youtu.be/Nj6kac4JfXw Operations Scheduling: Input & Output Control Controlling What You Get Let\'s say that you were getting ready to make a batch of cupcakes. You\'ve got a whole bag of flour, a dozen eggs, and another bag of sugar. Not only do ...