Today we want to look at the negative impact that inventory can have upon our profits and performance. Consider a few examples of our inventory “gone wild.” Inventory management is admittedly one of ...

Now let’s consider two other resources you must also manage carefully: inventory, and your employees – perhaps your most important resource. The single largest cost for any product-oriented company is ...

Irene Salasar of Twin Stars Ltd. and Cari Drake of Air Star Inc. had a business-to-business relationship for years but didn’t meet in person until both attended an October class on inventory control ...

Lean management programs are no longer restricted to a narrow segment of manufacturing companies. A wide range of medium-sized and large companies from different industries have deployed, to varying ...

Empty grocery store shelves in April 2020 and bare car dealerships in 2021 led to a lot of finger pointing. And much of the blame fell on lean inventory or just-in-time supply chain management.

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If you are in the accounting department in a lean manufacturing company, and your company uses a standard costing system, it is inevitable that the you will be faced with dealing how your standard ...

Tim Cook has streamlined Apple’s supply chain for maximum efficiency, which allows the company to minimize inventory risk in many ways. However, there are some costs in terms of giving up some control ...

Organizations aim to improve their processes’ efficiency and effectiveness by reducing waste, which creates a need for experts in project management frameworks and process improvement techniques such ...

Another wave of lockdowns will renew concerns about supply chains and shortages. As a grower of fresh mushrooms, for decades I experienced the difficulties of filling orders during wild fluctuations ...