Three Inventory Model
25 Feb 2022
Three Inventory Model - fixed quantity | fixed period | single period https://youtu.be/Pm8xCcSzOCk Three Inventory Model When do you place an order for more inventory, and for how much? Running out of inventory can cost lost sales, but ordering too early or too much increases your cost to keep the extra inventory. Fortunately, ...
Cycle Counting
25 Feb 2022
Cycle Counting - inventory | records | counting https://youtu.be/J2K2uBiSIMI Cycle Counting If you are a factory manager or warehouse manager, you have to understand how important the inventory audits are and make sure your inventory records were adequate. The objective of an annual inventory audit is to provide the dollar value of the ...
Understand Production Inventory
21 Feb 2022
Understand Production Inventory - production | inventory | management https://youtu.be/2LNwbSJMfBE Understand Production Inventory I started in the semiconductor industry many years ago as a software consultant for a small company. We made memory chips for computer companies like IBM. Memory chips are a generic product with no customized features. So our production plan ...
Understand Finished Goods Inventory
14 Feb 2022
Understand Finished Goods Inventory - inventory | finished goods | stock keeping unit https://youtu.be/uLR-m6raTGE Understand Finished Goods Inventory When managing your inventory of finished goods, that\'s the goal. There was an incident a few years ago that serves as a good example of what not to do. A well-known shoe company switched to ...
Reason to Hold Inventory
04 Feb 2022
Reason to Hold Inventory - reason | customer expectation | inventory https://youtu.be/5zqJ9nqo84M Reason To Hold Inventory Keeping an extra supply of inventory is a good thing. Wait a minute, aren\'t we working hard to reduce our inventory? Yes, but there are valid reasons to carry additional inventory. Here are four good reasons to ...
Right Amount of Inventory
28 Jan 2022
Right Amount of Inventory - inventory | reasons | advantages and disadvantages https://youtu.be/2yDkkiMK_XM Right Amount of Inventory A fundamental decision for any company is how much inventory to have. There are really strong reasons to hold small inventories and equally strong reasons to hold larger inventories. It\'s the job of the inventory manager ...