The Source
Development and Growth
Where do you store your negative stock on hand?
For a lot of businesses, an item that has a negative balance for quantity on hand is normal. It represents a situation where they
Are you ready for ERP?
I just came across promotional advertising from an ERP vendor offering a few licenses for a very low price. While this sounded like a very
Traceability – knowing where it came from and where it went
I picked up a pack of vitamins today and noticed the batch number “020616” and use by “SEP 20” on the label. This is
What should lead time mean?
Recently I was looking at different ways of calculating safety stock and one of the calculations I looked at used "average lead time". It
Beware of focussing on the KPI and not the objective
Setting Key Performance Indicators (KPIs) is sometimes seen as an art, because many companies find it hard to decide on what to measure and
Benefiting from stocktakes
Insofar as risk and operational pain are concerned, performing a stocktake rates very high on both counts. Many organisations recognise that if they perform
Let's stay connected
Be the first to receive our resources, including news about your industry.
