-
What Is Inventory Management? - Whiteboard Wednesday
Get Your Free Inventory Management Guide: https://www.fishbowlinventory.com/inventory-management-guide/. What is inventory management? It could quite possibly be the most important aspect of any business because it affects every area of operations from sales to accounting to management to customer service.
Fishbowl CMO Kirk Tanner takes the enormous concept of inventory management and explains how it all works, including the receiving, shipping, accounting, and distribution processes. As a bonus, he compares a manual inventory management system and an automated inventory management system to see what the pros and cons of each are.
Fishbowl's Whiteboard Wednesday covers complicated inventory management topics in fairly simple terms that fit on a whiteboard. Fishbowl Inventory is the most ...
published: 16 Oct 2013
-
What is Inventory Management? The Basics of Inventory Management
Inventory management keeps businesses on track, and is a key component of supply chain management. Watch to learn more about inventory management and its importance in the enterprise.
Inventory management is the supervision of inventory and stock items, overseeing the flow of goods from manufacturers to warehouses, and then to their point of sale. It's an essential part of supply chain management and helps keep track of each new or returned product that enters or leaves a warehouse or point of sale.
There are many different inventory management techniques that can be used by small or large businesses. Inventory management uses a variety of data in order to keep a detailed record of goods, including lot numbers, serial numbers, dates, and cost and quantity of goods. It can be a very com...
published: 03 May 2020
-
What is Inventory Management? Learn the Basics
Inventory Management Expert Guide: https://bit.ly/3GdkKNq
Inventory management is critical to customer success. By tracking goods from manufacturer to the warehouse and then to the customer, effective inventory management ensures a business has enough inventory on hand to meet demand in the most cost-efficient way possible. Automating the processes involved in inventory management--like tracking, orders, and fulfillment--reduces errors, saves businesses time and money, and ultimately increases customer satisfaction.
Like what you learned about Inventory Management? Subscribe now! http://bit.ly/NetSuiteYouTube
Follow Us Here:
Oracle NetSuite
LinkedIn: http://bit.ly/NetSuiteLI
Facebook: http://bit.ly/NetSuiteFB
Instagram: http://bit.ly/NetSuiteIG
Twitter: http://bit.ly/NetSuiteTW
#Inv...
published: 02 Mar 2020
-
What is Inventory Management? | Inventory Types and Major Challenges | SafetyCulture
What is Inventory Management?
Inventory Management is a system that ensures production and consumer demands are met throughout the process of (1) ordering, (2) storing, (3) product sales, and (4) managing stock and raw materials. It is an important asset of every business that helps prevent profit loss and operation disruption when managed properly.
In this short video, we'll explain what Inventory Management is, its importance, types, and some major challenges in managing inventories.
To read more about Inventory Management visit: https://safetyculture.com/topics/inventory-management-system/
Chapters:
0:21 What is inventory management?
0:47 Main types of inventory
1:01 Raw materials
1:14 Work-in-progress inventory
1:32 Maintenance, repair, and operating supplies inventory
1:47 Finishe...
published: 15 Mar 2022
-
Inventory Management | Excel Inventory Management (Super Easy)
#InventoryManagement #Excel #InventoryManagementSystem #ExcelInventoryTemplate
In this video, you will learn how to create an inventory management system in Excel. Inventory Management through this inventory management template Excel is very easy. It is very easy and quick to setup.
This warehouse management software will help you to keep record of inventory i.e. opening stock, purchases, sales, and closing stock. Inventory control will not be difficult any more.
Here is the link of Fully Automate FIFO Inventory Valuation Method.
MS Excel - FIFO inventory Valuation Method in Excel (Fully Automated) Tutorial
https://youtu.be/RzgDR68b-k8
MS Excel - FIFO inventory Valuation Method in Excel (Fully Automated) Tutorial Part-2
https://youtu.be/qxhU_r1sYX4
MS Excel - LIFO inventory Method (Fu...
published: 28 Sep 2019
-
Inventory management
Inventory management. What is inventory management, and what is the basis for inventory management excellence? What is the definition of inventory management? Having the right inventory, at the right time, in the right place. There is an element of recordkeeping in here: is what our system says is there, really physically there? The other element is the flow of goods: from suppliers to manufacturers to warehouses to points of sale to customers.
If you are looking for powerful inventory software that’s easy to use, then try InFlow inventory management software for free: https://partnerstack.inflowinventory.com/inventory-management
⏱️TIMESTAMPS⏱️
0:00 Inventory management introduction
0:27 Inventory management definition
0:54 Inventory management functional perspectives
2:45 Inventory mana...
published: 17 Jun 2020
-
How to build inventory management apps with AppSheet
AppSheet → https://goo.gle/3xOE4f7
Templates → https://goo.gle/3BKNMlt
Workspace → https://goo.gle/2WA8c1a
Building an inventory management app for your organization is quick and easy with AppSheet, Google’s no-code development platform.
Watch more episodes of AppSheet Apps Spotlight → https://goo.gle/AppSheetAppsSpotlight
What is Google Workspace? → https://goo.gle/3j8qsqB
Set up Google Workspace →https://goo.gle/3InFfYb
Subscribe to Google Workspace →https://goo.gle/GoogleWorkspace
Follow Google Workspace on Twitter → https://goo.gle/3dkgQGD
Follow Google Workspace on Facebook→ https://goo.gle/3xHtxTR
Follow Google Workspace on LinkedIn → https://goo.gle/2IJgEl2
Follow Google Workspace on Instagram → https://goo.gle/3zgCIem
Product: Google Workspace, - Add-ons - App Sheet, Works...
published: 19 Oct 2021
-
What is Just-in-Time (JIT) Inventory Management?
Just-in-Time inventory, commonly referred to as JIT, is an inventory management strategy in which raw materials arrive as soon as production is scheduled to begin but no sooner. The goal is high-volume production with minimal inventory on hand to meet demand and eliminate waste.
Associated Article: https://bit.ly/3yMvXAT
Liked this video? Check out these!
○ https://youtu.be/bAXFSbebBDU
○ https://youtu.be/3-MIAvYJJg0
○ https://youtu.be/uu-j7zXGEPA
Don’t forget to like, comment, and subscribe!
○ Subscribe: http://bit.ly/NetSuiteYouTube
Follow Us Here:
Oracle NetSuite
○ LinkedIn: http://bit.ly/NetSuiteLI
○ Facebook: http://bit.ly/NetSuiteFB
○ Instagram: http://bit.ly/NetSuiteIG
○ Twitter: http://bit.ly/NetSuiteTW
#NetSuite #JustInTime #JustInTimeInventory #Inventory
published: 09 Jul 2021
-
The Painful Small-Business Inventory Lessons I've Learned
Small business inventory management can be a huge pain--but poor inventory management can make your life miserable for multiple reasons. Today I'll share my 6 critical reasons good inventory management is so important.
published: 17 Sep 2022
-
Introduction to Inventory Management | SCMT 3623
SCMT 3623: Advanced Inventory Management examines two important aspects of logistics: inventory control and forecasting. In this course, coverage of the inventory specifically focuses on inventory control methods for stochastic demand and lead times. This class covers a variety of inventory control and forecasting techniques that students will learn how to implement in Excel.
Lesson 1: Introduction to Forecasting
Lesson 2: Introduction to Time Series Forecasting
Lesson 3: Forecast Accuracy and Time Series Regression
Lesson 4: Exponential Smoothing Methods
Lesson 5: Seasonal Indexes
Lesson 6: Introduction to Inventory Management
Lesson 7: Inventory Management for Dependent Demand & Independent Demand Items
Lesson 8: Introduction to Inventory Control for Stochastic Demand and Lead Times; ...
published: 23 Apr 2020
3:49
What Is Inventory Management? - Whiteboard Wednesday
Get Your Free Inventory Management Guide: https://www.fishbowlinventory.com/inventory-management-guide/. What is inventory management? It could quite possibly b...
Get Your Free Inventory Management Guide: https://www.fishbowlinventory.com/inventory-management-guide/. What is inventory management? It could quite possibly be the most important aspect of any business because it affects every area of operations from sales to accounting to management to customer service.
Fishbowl CMO Kirk Tanner takes the enormous concept of inventory management and explains how it all works, including the receiving, shipping, accounting, and distribution processes. As a bonus, he compares a manual inventory management system and an automated inventory management system to see what the pros and cons of each are.
Fishbowl's Whiteboard Wednesday covers complicated inventory management topics in fairly simple terms that fit on a whiteboard. Fishbowl Inventory is the most requested inventory management solution for QuickBooks users.
https://wn.com/What_Is_Inventory_Management_Whiteboard_Wednesday
Get Your Free Inventory Management Guide: https://www.fishbowlinventory.com/inventory-management-guide/. What is inventory management? It could quite possibly be the most important aspect of any business because it affects every area of operations from sales to accounting to management to customer service.
Fishbowl CMO Kirk Tanner takes the enormous concept of inventory management and explains how it all works, including the receiving, shipping, accounting, and distribution processes. As a bonus, he compares a manual inventory management system and an automated inventory management system to see what the pros and cons of each are.
Fishbowl's Whiteboard Wednesday covers complicated inventory management topics in fairly simple terms that fit on a whiteboard. Fishbowl Inventory is the most requested inventory management solution for QuickBooks users.
- published: 16 Oct 2013
- views: 499591
1:59
What is Inventory Management? The Basics of Inventory Management
Inventory management keeps businesses on track, and is a key component of supply chain management. Watch to learn more about inventory management and its import...
Inventory management keeps businesses on track, and is a key component of supply chain management. Watch to learn more about inventory management and its importance in the enterprise.
Inventory management is the supervision of inventory and stock items, overseeing the flow of goods from manufacturers to warehouses, and then to their point of sale. It's an essential part of supply chain management and helps keep track of each new or returned product that enters or leaves a warehouse or point of sale.
There are many different inventory management techniques that can be used by small or large businesses. Inventory management uses a variety of data in order to keep a detailed record of goods, including lot numbers, serial numbers, dates, and cost and quantity of goods. It can be a very complex process, but helps keep the entire supply chain management efficient and profitable.
How does your business use inventory management? Let us know in the comments and be sure to give this video a like.
Read more about inventory management: https://searcherp.techtarget.com/definition/inventory-management/?utm_source=youtube&utm_medium=description&utm_campaign=rIJwIrGRYAk&offer=video-rIJwIrGRYAk
Subscribe to Eye on Tech for more videos covering the latest in business technology, including security, networking, AI, DevOps, enterprise strategy, storage, devices and more:
https://www.youtube.com/EyeOnTech
Stay up to date on the latest ERP news: https://searcherp.techtarget.com/
Follow us on Twitter: https://twitter.com/Search_ERP
Like us on Facebook: https://www.facebook.com/TechTargetEnterpriseSoftware/
#InventoryManagement #SupplyChainManagement #EyeOnTech
https://wn.com/What_Is_Inventory_Management_The_Basics_Of_Inventory_Management
Inventory management keeps businesses on track, and is a key component of supply chain management. Watch to learn more about inventory management and its importance in the enterprise.
Inventory management is the supervision of inventory and stock items, overseeing the flow of goods from manufacturers to warehouses, and then to their point of sale. It's an essential part of supply chain management and helps keep track of each new or returned product that enters or leaves a warehouse or point of sale.
There are many different inventory management techniques that can be used by small or large businesses. Inventory management uses a variety of data in order to keep a detailed record of goods, including lot numbers, serial numbers, dates, and cost and quantity of goods. It can be a very complex process, but helps keep the entire supply chain management efficient and profitable.
How does your business use inventory management? Let us know in the comments and be sure to give this video a like.
Read more about inventory management: https://searcherp.techtarget.com/definition/inventory-management/?utm_source=youtube&utm_medium=description&utm_campaign=rIJwIrGRYAk&offer=video-rIJwIrGRYAk
Subscribe to Eye on Tech for more videos covering the latest in business technology, including security, networking, AI, DevOps, enterprise strategy, storage, devices and more:
https://www.youtube.com/EyeOnTech
Stay up to date on the latest ERP news: https://searcherp.techtarget.com/
Follow us on Twitter: https://twitter.com/Search_ERP
Like us on Facebook: https://www.facebook.com/TechTargetEnterpriseSoftware/
#InventoryManagement #SupplyChainManagement #EyeOnTech
- published: 03 May 2020
- views: 61051
1:11
What is Inventory Management? Learn the Basics
Inventory Management Expert Guide: https://bit.ly/3GdkKNq
Inventory management is critical to customer success. By tracking goods from manufacturer to the ware...
Inventory Management Expert Guide: https://bit.ly/3GdkKNq
Inventory management is critical to customer success. By tracking goods from manufacturer to the warehouse and then to the customer, effective inventory management ensures a business has enough inventory on hand to meet demand in the most cost-efficient way possible. Automating the processes involved in inventory management--like tracking, orders, and fulfillment--reduces errors, saves businesses time and money, and ultimately increases customer satisfaction.
Like what you learned about Inventory Management? Subscribe now! http://bit.ly/NetSuiteYouTube
Follow Us Here:
Oracle NetSuite
LinkedIn: http://bit.ly/NetSuiteLI
Facebook: http://bit.ly/NetSuiteFB
Instagram: http://bit.ly/NetSuiteIG
Twitter: http://bit.ly/NetSuiteTW
#Inventory #InventoryManagement #Warehouse #WarehouseManagement #Solution
https://wn.com/What_Is_Inventory_Management_Learn_The_Basics
Inventory Management Expert Guide: https://bit.ly/3GdkKNq
Inventory management is critical to customer success. By tracking goods from manufacturer to the warehouse and then to the customer, effective inventory management ensures a business has enough inventory on hand to meet demand in the most cost-efficient way possible. Automating the processes involved in inventory management--like tracking, orders, and fulfillment--reduces errors, saves businesses time and money, and ultimately increases customer satisfaction.
Like what you learned about Inventory Management? Subscribe now! http://bit.ly/NetSuiteYouTube
Follow Us Here:
Oracle NetSuite
LinkedIn: http://bit.ly/NetSuiteLI
Facebook: http://bit.ly/NetSuiteFB
Instagram: http://bit.ly/NetSuiteIG
Twitter: http://bit.ly/NetSuiteTW
#Inventory #InventoryManagement #Warehouse #WarehouseManagement #Solution
- published: 02 Mar 2020
- views: 617506
4:08
What is Inventory Management? | Inventory Types and Major Challenges | SafetyCulture
What is Inventory Management?
Inventory Management is a system that ensures production and consumer demands are met throughout the process of (1) ordering, (2) ...
What is Inventory Management?
Inventory Management is a system that ensures production and consumer demands are met throughout the process of (1) ordering, (2) storing, (3) product sales, and (4) managing stock and raw materials. It is an important asset of every business that helps prevent profit loss and operation disruption when managed properly.
In this short video, we'll explain what Inventory Management is, its importance, types, and some major challenges in managing inventories.
To read more about Inventory Management visit: https://safetyculture.com/topics/inventory-management-system/
Chapters:
0:21 What is inventory management?
0:47 Main types of inventory
1:01 Raw materials
1:14 Work-in-progress inventory
1:32 Maintenance, repair, and operating supplies inventory
1:47 Finished goods
1:58 Why is inventory management important?
2:17 Overstocking or understocking of goods
2:32 Inefficient inventory visibility
2:50 Inability to determine market demands
3:07 Supply disruptions
3:39 SafetyCulture (Formerly iAuditor)
Perform an inventory inspection or audit with our digital checklist right away.
Get your FREE Digital Inventory checklist or template here: https://safetyculture.com/checklists/inventory-templates/
https://wn.com/What_Is_Inventory_Management_|_Inventory_Types_And_Major_Challenges_|_Safetyculture
What is Inventory Management?
Inventory Management is a system that ensures production and consumer demands are met throughout the process of (1) ordering, (2) storing, (3) product sales, and (4) managing stock and raw materials. It is an important asset of every business that helps prevent profit loss and operation disruption when managed properly.
In this short video, we'll explain what Inventory Management is, its importance, types, and some major challenges in managing inventories.
To read more about Inventory Management visit: https://safetyculture.com/topics/inventory-management-system/
Chapters:
0:21 What is inventory management?
0:47 Main types of inventory
1:01 Raw materials
1:14 Work-in-progress inventory
1:32 Maintenance, repair, and operating supplies inventory
1:47 Finished goods
1:58 Why is inventory management important?
2:17 Overstocking or understocking of goods
2:32 Inefficient inventory visibility
2:50 Inability to determine market demands
3:07 Supply disruptions
3:39 SafetyCulture (Formerly iAuditor)
Perform an inventory inspection or audit with our digital checklist right away.
Get your FREE Digital Inventory checklist or template here: https://safetyculture.com/checklists/inventory-templates/
- published: 15 Mar 2022
- views: 9674
16:43
Inventory Management | Excel Inventory Management (Super Easy)
#InventoryManagement #Excel #InventoryManagementSystem #ExcelInventoryTemplate
In this video, you will learn how to create an inventory management system in Ex...
#InventoryManagement #Excel #InventoryManagementSystem #ExcelInventoryTemplate
In this video, you will learn how to create an inventory management system in Excel. Inventory Management through this inventory management template Excel is very easy. It is very easy and quick to setup.
This warehouse management software will help you to keep record of inventory i.e. opening stock, purchases, sales, and closing stock. Inventory control will not be difficult any more.
Here is the link of Fully Automate FIFO Inventory Valuation Method.
MS Excel - FIFO inventory Valuation Method in Excel (Fully Automated) Tutorial
https://youtu.be/RzgDR68b-k8
MS Excel - FIFO inventory Valuation Method in Excel (Fully Automated) Tutorial Part-2
https://youtu.be/qxhU_r1sYX4
MS Excel - LIFO inventory Method (Fully Automated) Tutorial
https://youtu.be/ilioC9MVNM0
https://wn.com/Inventory_Management_|_Excel_Inventory_Management_(Super_Easy)
#InventoryManagement #Excel #InventoryManagementSystem #ExcelInventoryTemplate
In this video, you will learn how to create an inventory management system in Excel. Inventory Management through this inventory management template Excel is very easy. It is very easy and quick to setup.
This warehouse management software will help you to keep record of inventory i.e. opening stock, purchases, sales, and closing stock. Inventory control will not be difficult any more.
Here is the link of Fully Automate FIFO Inventory Valuation Method.
MS Excel - FIFO inventory Valuation Method in Excel (Fully Automated) Tutorial
https://youtu.be/RzgDR68b-k8
MS Excel - FIFO inventory Valuation Method in Excel (Fully Automated) Tutorial Part-2
https://youtu.be/qxhU_r1sYX4
MS Excel - LIFO inventory Method (Fully Automated) Tutorial
https://youtu.be/ilioC9MVNM0
- published: 28 Sep 2019
- views: 1397765
8:37
Inventory management
Inventory management. What is inventory management, and what is the basis for inventory management excellence? What is the definition of inventory management? H...
Inventory management. What is inventory management, and what is the basis for inventory management excellence? What is the definition of inventory management? Having the right inventory, at the right time, in the right place. There is an element of recordkeeping in here: is what our system says is there, really physically there? The other element is the flow of goods: from suppliers to manufacturers to warehouses to points of sale to customers.
If you are looking for powerful inventory software that’s easy to use, then try InFlow inventory management software for free: https://partnerstack.inflowinventory.com/inventory-management
⏱️TIMESTAMPS⏱️
0:00 Inventory management introduction
0:27 Inventory management definition
0:54 Inventory management functional perspectives
2:45 Inventory management trade-offs
3:56 Inventory in the financial statements
6:18 Inventory management excellence
Everyone in the company has a stake in inventory management. If you ask the sourcing department, they will probably propose to buy in bulk from suppliers to get maximum volume discounts. If you ask manufacturing, they will want to make big production runs of the same product, before changing over to produce another product, for maximum efficiency, and lowest cost per unit. If you ask warehousing, they will tell you they don’t have space for all this stuff. After all, a warehouse has similar properties as storage space in your house: somehow it magically fills up!
Sourcing, manufacturing and warehousing might be the departments physically handling the inventory, but there are others that have their own opinion about #inventorymanagement : marketing and sales, finance and accounting, and legal. What? Even the legal department has an opinion about inventory management? You bet! Let me walk you through their viewpoints.
Marketing and sales will argue that we need to have plenty of inventory available when the order from the customer comes in. Finance and accounting will say that the biggest priorities for inventory management are to manage cash flow, and avoid inventory obsolescence. Obsolescence is a fancy word for inventory that is outdated and no longer used, and may have to be written off as a loss. And lastly, legal has gone through the fine print of the contract with a customer, and found that there is a paragraph specifying that in case of a factory outage on the side of the customer, certain critical spare parts need to be delivered to them within one day. If these parts are not delivered on time, there is a severe financial penalty which the company would obviously like to avoid.
What is the basis for inventory management excellence? There is one word that needs to connect all departments: trust. Let’s zoom into three specific examples. If manufacturing trusts sourcing to deliver raw materials just-in-time, with predictable lead-times, then raw material inventory levels can be low, and inventory management can be optimized. If manufacturing does not trust sourcing, then there is an incentive to build raw material safety stock. Same thing with trust between marketing and sales on one side, and manufacturing on the other side. If marketing and sales trust manufacturing to produce on time and on spec, then finished goods inventory levels can be low, and inventory management can be optimized. If marketing and sales does not trust manufacturing, then there is an incentive to build finished goods safety stock. A different type of trust is built between #finance and accounting, as well as marketing and sales, on one side, and warehousing on the other side. The main question around trust in this case: is what our system says is there, really physically there? Both for account reconciliation purposes in finance, as well as product availability for the customer!
Trust is the basis for inventory management excellence. How is that trust built, and what is the payoff? Trust is earned by delivering on commitments. If trust is high, inventory levels can be low. To build trust, investments need to be made! To achieve inventory management excellence, a company MUST invest in systems as well as processes. Data and information, as well as the right human actions. In most cases, those investments pay off big time! If you are looking for powerful inventory software that’s easy to use, then try InFlow inventory management software for free: https://inflow.grsm.io/inventory-management
Philip de Vroe (The Finance Storyteller) aims to make accounting, finance and investing enjoyable and easier to understand. Learn the business and accounting vocabulary to join the conversation with your CEO at your company. Understand how financial statements work in order to make better investing decisions. Philip delivers #financetraining in various formats: YouTube videos, classroom sessions, webinars, and business simulations. Connect with me through Linked In!
https://wn.com/Inventory_Management
Inventory management. What is inventory management, and what is the basis for inventory management excellence? What is the definition of inventory management? Having the right inventory, at the right time, in the right place. There is an element of recordkeeping in here: is what our system says is there, really physically there? The other element is the flow of goods: from suppliers to manufacturers to warehouses to points of sale to customers.
If you are looking for powerful inventory software that’s easy to use, then try InFlow inventory management software for free: https://partnerstack.inflowinventory.com/inventory-management
⏱️TIMESTAMPS⏱️
0:00 Inventory management introduction
0:27 Inventory management definition
0:54 Inventory management functional perspectives
2:45 Inventory management trade-offs
3:56 Inventory in the financial statements
6:18 Inventory management excellence
Everyone in the company has a stake in inventory management. If you ask the sourcing department, they will probably propose to buy in bulk from suppliers to get maximum volume discounts. If you ask manufacturing, they will want to make big production runs of the same product, before changing over to produce another product, for maximum efficiency, and lowest cost per unit. If you ask warehousing, they will tell you they don’t have space for all this stuff. After all, a warehouse has similar properties as storage space in your house: somehow it magically fills up!
Sourcing, manufacturing and warehousing might be the departments physically handling the inventory, but there are others that have their own opinion about #inventorymanagement : marketing and sales, finance and accounting, and legal. What? Even the legal department has an opinion about inventory management? You bet! Let me walk you through their viewpoints.
Marketing and sales will argue that we need to have plenty of inventory available when the order from the customer comes in. Finance and accounting will say that the biggest priorities for inventory management are to manage cash flow, and avoid inventory obsolescence. Obsolescence is a fancy word for inventory that is outdated and no longer used, and may have to be written off as a loss. And lastly, legal has gone through the fine print of the contract with a customer, and found that there is a paragraph specifying that in case of a factory outage on the side of the customer, certain critical spare parts need to be delivered to them within one day. If these parts are not delivered on time, there is a severe financial penalty which the company would obviously like to avoid.
What is the basis for inventory management excellence? There is one word that needs to connect all departments: trust. Let’s zoom into three specific examples. If manufacturing trusts sourcing to deliver raw materials just-in-time, with predictable lead-times, then raw material inventory levels can be low, and inventory management can be optimized. If manufacturing does not trust sourcing, then there is an incentive to build raw material safety stock. Same thing with trust between marketing and sales on one side, and manufacturing on the other side. If marketing and sales trust manufacturing to produce on time and on spec, then finished goods inventory levels can be low, and inventory management can be optimized. If marketing and sales does not trust manufacturing, then there is an incentive to build finished goods safety stock. A different type of trust is built between #finance and accounting, as well as marketing and sales, on one side, and warehousing on the other side. The main question around trust in this case: is what our system says is there, really physically there? Both for account reconciliation purposes in finance, as well as product availability for the customer!
Trust is the basis for inventory management excellence. How is that trust built, and what is the payoff? Trust is earned by delivering on commitments. If trust is high, inventory levels can be low. To build trust, investments need to be made! To achieve inventory management excellence, a company MUST invest in systems as well as processes. Data and information, as well as the right human actions. In most cases, those investments pay off big time! If you are looking for powerful inventory software that’s easy to use, then try InFlow inventory management software for free: https://inflow.grsm.io/inventory-management
Philip de Vroe (The Finance Storyteller) aims to make accounting, finance and investing enjoyable and easier to understand. Learn the business and accounting vocabulary to join the conversation with your CEO at your company. Understand how financial statements work in order to make better investing decisions. Philip delivers #financetraining in various formats: YouTube videos, classroom sessions, webinars, and business simulations. Connect with me through Linked In!
- published: 17 Jun 2020
- views: 127820
1:48
How to build inventory management apps with AppSheet
AppSheet → https://goo.gle/3xOE4f7
Templates → https://goo.gle/3BKNMlt
Workspace → https://goo.gle/2WA8c1a
Building an inventory management app for your organi...
AppSheet → https://goo.gle/3xOE4f7
Templates → https://goo.gle/3BKNMlt
Workspace → https://goo.gle/2WA8c1a
Building an inventory management app for your organization is quick and easy with AppSheet, Google’s no-code development platform.
Watch more episodes of AppSheet Apps Spotlight → https://goo.gle/AppSheetAppsSpotlight
What is Google Workspace? → https://goo.gle/3j8qsqB
Set up Google Workspace →https://goo.gle/3InFfYb
Subscribe to Google Workspace →https://goo.gle/GoogleWorkspace
Follow Google Workspace on Twitter → https://goo.gle/3dkgQGD
Follow Google Workspace on Facebook→ https://goo.gle/3xHtxTR
Follow Google Workspace on LinkedIn → https://goo.gle/2IJgEl2
Follow Google Workspace on Instagram → https://goo.gle/3zgCIem
Product: Google Workspace, - Add-ons - App Sheet, Workspace - Applications - Drive, Workspace - Applications - Sheets;
#GoogleWorkspaceTutorial
#GoogleWorkspace
#AppSheetAppsSpotlight
https://wn.com/How_To_Build_Inventory_Management_Apps_With_Appsheet
AppSheet → https://goo.gle/3xOE4f7
Templates → https://goo.gle/3BKNMlt
Workspace → https://goo.gle/2WA8c1a
Building an inventory management app for your organization is quick and easy with AppSheet, Google’s no-code development platform.
Watch more episodes of AppSheet Apps Spotlight → https://goo.gle/AppSheetAppsSpotlight
What is Google Workspace? → https://goo.gle/3j8qsqB
Set up Google Workspace →https://goo.gle/3InFfYb
Subscribe to Google Workspace →https://goo.gle/GoogleWorkspace
Follow Google Workspace on Twitter → https://goo.gle/3dkgQGD
Follow Google Workspace on Facebook→ https://goo.gle/3xHtxTR
Follow Google Workspace on LinkedIn → https://goo.gle/2IJgEl2
Follow Google Workspace on Instagram → https://goo.gle/3zgCIem
Product: Google Workspace, - Add-ons - App Sheet, Workspace - Applications - Drive, Workspace - Applications - Sheets;
#GoogleWorkspaceTutorial
#GoogleWorkspace
#AppSheetAppsSpotlight
- published: 19 Oct 2021
- views: 137764
1:07
What is Just-in-Time (JIT) Inventory Management?
Just-in-Time inventory, commonly referred to as JIT, is an inventory management strategy in which raw materials arrive as soon as production is scheduled to beg...
Just-in-Time inventory, commonly referred to as JIT, is an inventory management strategy in which raw materials arrive as soon as production is scheduled to begin but no sooner. The goal is high-volume production with minimal inventory on hand to meet demand and eliminate waste.
Associated Article: https://bit.ly/3yMvXAT
Liked this video? Check out these!
○ https://youtu.be/bAXFSbebBDU
○ https://youtu.be/3-MIAvYJJg0
○ https://youtu.be/uu-j7zXGEPA
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https://wn.com/What_Is_Just_In_Time_(Jit)_Inventory_Management
Just-in-Time inventory, commonly referred to as JIT, is an inventory management strategy in which raw materials arrive as soon as production is scheduled to begin but no sooner. The goal is high-volume production with minimal inventory on hand to meet demand and eliminate waste.
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- published: 09 Jul 2021
- views: 98937
6:54
The Painful Small-Business Inventory Lessons I've Learned
Small business inventory management can be a huge pain--but poor inventory management can make your life miserable for multiple reasons. Today I'll share my 6 c...
Small business inventory management can be a huge pain--but poor inventory management can make your life miserable for multiple reasons. Today I'll share my 6 critical reasons good inventory management is so important.
https://wn.com/The_Painful_Small_Business_Inventory_Lessons_I've_Learned
Small business inventory management can be a huge pain--but poor inventory management can make your life miserable for multiple reasons. Today I'll share my 6 critical reasons good inventory management is so important.
- published: 17 Sep 2022
- views: 29562
7:29
Introduction to Inventory Management | SCMT 3623
SCMT 3623: Advanced Inventory Management examines two important aspects of logistics: inventory control and forecasting. In this course, coverage of the invento...
SCMT 3623: Advanced Inventory Management examines two important aspects of logistics: inventory control and forecasting. In this course, coverage of the inventory specifically focuses on inventory control methods for stochastic demand and lead times. This class covers a variety of inventory control and forecasting techniques that students will learn how to implement in Excel.
Lesson 1: Introduction to Forecasting
Lesson 2: Introduction to Time Series Forecasting
Lesson 3: Forecast Accuracy and Time Series Regression
Lesson 4: Exponential Smoothing Methods
Lesson 5: Seasonal Indexes
Lesson 6: Introduction to Inventory Management
Lesson 7: Inventory Management for Dependent Demand & Independent Demand Items
Lesson 8: Introduction to Inventory Control for Stochastic Demand and Lead Times; Periodic and Continuous Review Systems
Lesson 9: Reorder Point Model (Optimal R,Q Model)
Lesson 10: Reorder Point Model (Managerial R,Q Model)
Lesson 11: Risk Pooling
Lesson 12: Newsvendor Model
Find more information about the Walton College Supply Chain Management Department at http://walton.uark.edu/departments/supplychain/
Find more information about the online Walton College Supply Chain Management degree at http://online.uark.edu/programs/bachelor-science-business-administration-supply-chain-management.php
https://wn.com/Introduction_To_Inventory_Management_|_Scmt_3623
SCMT 3623: Advanced Inventory Management examines two important aspects of logistics: inventory control and forecasting. In this course, coverage of the inventory specifically focuses on inventory control methods for stochastic demand and lead times. This class covers a variety of inventory control and forecasting techniques that students will learn how to implement in Excel.
Lesson 1: Introduction to Forecasting
Lesson 2: Introduction to Time Series Forecasting
Lesson 3: Forecast Accuracy and Time Series Regression
Lesson 4: Exponential Smoothing Methods
Lesson 5: Seasonal Indexes
Lesson 6: Introduction to Inventory Management
Lesson 7: Inventory Management for Dependent Demand & Independent Demand Items
Lesson 8: Introduction to Inventory Control for Stochastic Demand and Lead Times; Periodic and Continuous Review Systems
Lesson 9: Reorder Point Model (Optimal R,Q Model)
Lesson 10: Reorder Point Model (Managerial R,Q Model)
Lesson 11: Risk Pooling
Lesson 12: Newsvendor Model
Find more information about the Walton College Supply Chain Management Department at http://walton.uark.edu/departments/supplychain/
Find more information about the online Walton College Supply Chain Management degree at http://online.uark.edu/programs/bachelor-science-business-administration-supply-chain-management.php
- published: 23 Apr 2020
- views: 34809