Inventory KPI: How to Align Your Company Wide Measurements

3 min read

Does it always seem like leadership, finance, operations and sales are on different pages of the same book when it comes to managing your inventory key performance indicators? Many organizations have departmental breakdowns when it comes to defining operational success, which can lead to unnecessary costs, diminishing profits and disgruntled...Read more

4 Key Performance Indicators of a Healthy Supply Chain

3 min read

Inventory is the measuring stick of your entire supply chain. It reflects the agility and profitability of your supply chain. Every make-to-stock organization suffers from excess stock in inventory that ties up capital and hurts profitability. Some companies even struggle with large quantities of obsolete stock, which is even worse...Read more

How to Deal with Excess Stock in Your Inventory

4 min read

Excess Stock is a term used in inventory management, and is often called a number of different things; overstock, stock surplus, excessive stock, or excess inventory. No matter what you call it, one thing that remains constant is the threat excess stock represents to your company’s bottom line. Companies that...Read more

6 Questions to Ask Yourself About Your Inventory Turnover

2 min read

Inventory turnover is a measurement of the number of times inventory is sold or used in a given time period. Most companies will measure their inventory turnover over the course of a year long time period. The equation for inventory turnover equals the Cost of goods sold divided by the average...Read more

How to Better Manage Safety Stock Inventory Levels

2 min read

Safety stock inventory (also called buffer stock) is a term used by inventory and logistics managers to describe a level of extra stock that is maintained to mitigate risk of stockouts (shortfall in raw material) due to uncertainties in supply and demand. Safety stock is an addition to normal or...Read more