Category: D2.1 Inventory Management Efficiency

How to Improve Inventory Management Efficiency

For all manufacturing businesses, and many service businesses, inventory has a major impact on profit and cash flow. How is your inventory management? Are you struggling to keep your inventory under control? You are a service industry, inventory still applies. Look at stationery as one example. Do you have a problem with cashflow? Struggling to pay bills when they are due? Do you have a purchasing system in place? Have you answered yes to any of these? It’s time for inventory management. Learn how to improve your inventory with 12Faces. Look at the articles within this catalogue and optimise your inventory. See your profit grow and your stress levels decrease when you have the money to pay your bills. Contact 12Faces now if you would like help with this: reception@12faces.business

Cost of Over and Under Stocking

In a manufacturing or retail environment, having too much inventory of products your customers don’t want and/or too little inventory on hand of what products your customers do want will cost you money and, consequently, profit. Many service businesses also have inventory even if it is items like stationary incidental to their main operation. This article shows you why under and over stocking costs and how to reduce the damage.

C4.3.3 Sell Surplus Inventory

oops! You are presently not registered to view this page. If you have a registration, it may not cover this particular resource. You may need to register specifically for this bundle of resources or upgrade your general registration level. To find out more on how to do this, please visit the Registration Options page on […]

Inventory Re-order Management for Profit and Productivity

A good Inventory Management System can dramatically improve the profitability of the business by streamlining production. This applies to not only a manufacturing business but any business that has a workflow process.

Importance of Small Batches Tool

There are merits to reducing the size of the batches you manufacture and/or hold in stock at any point in time. This might sound counter-intuitive because of the oft-quoted ‘economies of scale’ and the time cost of pulling down tool set-ups and changing them to manufacture another project. But, in the words of the song; “it ain’t necessarily so!” Learn the importance of small batches.