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KNOWLEDGE LIBRARY

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MOST READ

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...

02Jun

Inventory Carrying Rate

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

26Jun

Inventory Activity Profiling & Data Mining

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

27Jun

Inventory Performance Measures

Inventory performance measures include financial, productivity , quality, and response time indicators for evaluating the efficiency and...

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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