The Basics of Inventory Management Explained

November 28, 2016

In this article we look at the basic requirements of an effective inventory management policy, applicable to many situations within both retail and manufacturing. We guide you through why inventory is needed, how to use inventory to protect against unknown supply chain factors, how much inventory to hold and how to reduce inventory costs. Read more

So Many Products, So Little Margin: Managing Your Product Portfolio

May 30, 2015

As a supply chain consultant, I find that almost every company I work with has a product portfolio that conforms to the Pareto principle, i.e. 80% of revenue is generated by 20% of their products. This is rarely a surprise to anyone, but surprising to me are the number of companies that do not have processes to manage their portfolio and ensure resources are focused on the critical products. Read more