What is VMI? Vendor Managed Inventory (VMI) is when suppliers manage their customer’s inventory. This occurs through physical counts or using data from their customers. Once inventory levels reach their reorder points, vendors will replenish their customers’ stock for them. The primary goal of this is to cut down on costs and be more efficient. How does this happen? Vendors can […]
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Inventory Management Leaders: Apple Inc.
Apple Inc. is not just well-known for their innovative products and sleek design. Apple is a leader in supply chain management, taking the top spot on Gartner’s Supply Chain Top 25 list for the past four years. This year, Apple Inc. and Procter & Gamble (P&G) have been taken off of the Top 25 list, […]
Inventory Management Disasters: Atari
Atari is a gaming and electronics corporation that led the industry in the 1970s and early 1980s. Their consoles were the first popular gaming systems where consumers could play in their own homes. Originally, these games were only on arcade systems. However, these were too expensive and large for the average consumer. Atari consoles ported well-known classic games such as […]
6 Must-Have Inventory Management Features
Every business is different, and so are their inventory processes. There are many features of inventory management systems that you can use to be more efficient. Here are six inventory features you should have: Inventory Tracking The main focus of this system is to be able to track your inventory levels. You can see what you’re receiving, […]
5 Tips on Selecting the Right Inventory Management System
Finding the right inventory management system can be a daunting task. There are a variety of options out there, which can make it hard to find the perfect fit for you. So where do you start? Here are five steps that can help you find the right system: Have a budget Firstly, you need to decide on […]
Why Choose Cycle Counts Over Physical Counts?
What are cycle counts and why do they differ from physical counts? Cycle counting is the process of counting a prescribed number of stock. As a result, you can keep units (SKU) at regular intervals. This allows you to count your stock more frequently (weekly or monthly) and accurately. On the other hand, physical counts are […]
