Best Practices of Inventory Management

Many times the industries look outward for improvements by focusing areas like increasing revenue and Delivery Performance. While they are definitely important, you also have a lot of improvements within control for improving the bottom-line.

Inventory management is one such key area.

I wanted to share best practices based on my experience. Because it is all coming from my experience, the narration may not be classic, professional or conceptualized. But still I believe they will be useful to the people who are in the field. And I also want to emphasize that not all is achievable just by implementing an ERP, Item scanners, Robotics and other such options. They all enhance your want, but only after the basics are followed.

BEST PRACTICES IN INVENTORY MANAGEMENT

 

Many times the industries look outward for improvements by focusing areas like increasing revenue and Delivery Performance. While they are definitely important, you also have a lot of improvements within control for improving the bottom-line.

Inventory management is one such key area.

I wanted to share best practices based on my experience. Because it is all coming from my experience, the narration may not be classic, professional or conceptualized. But still I believe they will be useful to the people who are in the field. And I also want to emphasize that not all is achievable just by implementing an ERP, Item scanners, Robotics and other such options. They all enhance your want, but only after the basics are followed.

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