The ecommerce segment in India at present is the hottest area for many investors due to the explosive growth it has registered in these past few years. The craze of online shopping has spread like a wildfire among the common people. More
Posts by Vishal Srivastava:
Despite the simplicity and hassle free nature of traditional inventory management system, it cannot cope with the complexity of modern supply-chain organizations leading to the emergence of modern inventory systems such as JIT, Lean management, EOQ, etc. More
Inventory occupies one of the largest portions of the assets of a company on a balance sheet, reportedly, as much as around 40-60 %. More
Efficient Inventory management is crucial to the success of supply chain organizations as well as manufacturing industries as the shortage of raw material can cause the shutdown of production leading to huge financial losses. More
For effective inventory control and management, one needs to be able to categorize inventories as per their common attributes, making them easier to track and control. More
Why is Excess Inventory Bad for your Organization? Maintain an Efficient Inventory Management System.
Inventory is an integral part of many organizations, especially those related to manufacturing and retail sector. More