Have you ever experienced a shortage of products when you are in urgent need of them and buy them online or offline? Have you ever […]
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What Is the Role of Inventory Management in Supply Chain?
What is inventory management, and why is it so important? Inventory management refers to the process of ordering, storing and using the company’s goods or […]
Read moreWhat Inventory Turnover Ratio Is Good?
Let’s start with the most basic definition: What is inventory turnover ratio? The definition of inventory turnover ratio Inventory turnover ratio refers to the number […]
Read moreWhat’s Safety Stock? How Does It Affect Inventory Management?
What Is Safety Stock and Why Is It So Important? Safety stock, also called buffer stock, is the stock you order additionally. Almost all companies […]
Read moreHow to Improve Inventory Tracking？Simple Guidance for You in Inventory Management
With the rapid development of third-party logistics, 3PL‘s advanced inventory management system can save you time and money. However, for companies with relatively small business […]
Read moreHow Inventory Management Techniques Can Increase Your Profit!
Why is inventory management important? Inventory management helps reduce operating costs Enterprise daily operating costs include the staff salary, warehouse rent, storage cost, logistics cost, […]
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