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Vendor managed inventory (VMI) is an arrangement where suppliers manage inventory levels that have been pre-determined. In short, the...

For any business that buys and stores inventory, it’s important to order the right amount. That’s where economic order quantity (EOQ) helps. If you order too much, money gets tied up in inventory and storage costs rise. If you order too little, you may not meet customer demand. EOQ helps find the best order size to balance these costs and maximize profits. Understanding the Economic Order Quantity Economic order quantity (EOQ) is an important inventory tool. It helps business

Just-in-time (JIT) manufacturing and inventory management is a method that has been praised for improving production processes. It helps...

One of the key metrics use to assess the health of a company's inventory management is the inventory turnover ratio. This ratio provides valuable insights into how efficiently a company is able to sell its inventory and replenish it. In this article, I will explain what inventory turnover is, how it is calculated using the inventory turnover formula, and what it can tell you about a company's operations. Additionally, I will discuss the concept of dead stock, related invent

Wholesale liquidation is a crucial aspect of inventory management for any business. It involves selling excess inventory to recoup costs and maximize profits. When it comes to optimizing fulfillment center inventory liquidation , understanding wholesale liquidation is essential. One of the most effective strategies for liquidating excess inventory is to partner with a reputable liquidation company. These companies specialize in buying surplus inventory from businesses and s

Inventory in transit, also known as transit, transportation, or pipeline inventory, is a term used in shipping. It means the finished...