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KNOWLEDGE LIBRARY

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MOST READ

12Jun

Unit Fill Rate (UFR)

The unit fill rate (UFR) for an item is the portion of the total number of units...

27Jun

Warehouse Occupancy Percentage

Optimal storage utilization helps enforce healthy inventory management. In our early work with Honda their...

02Jun

Efficient Procurement Inventory

Efficient procurement inventory (EPI) is often required to realize steep discounts when a special opportunity...

26Jun

Inventory Activity Profiling & Data Mining

Suppose you were sick and went to the doctor for a diagnosis and prescription.  When...

02Jun

Inventory Carrying Rate

The inventory carrying rate (ICR) is the percent of the unit inventory value used to...

Supplier Valuation and Segmentation

Based on performance to established targets and inbound logistics volumes, suppliers should be classified into three or four segments.  One large retailer classifies suppliers as red light (100% receiving inspection), yellow light (50% receiving inspection), and green light (5% receiving inspection).  The LIS should continually rank and classify suppliers based on their performance to certification standards.

 

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