“Inventory accuracy is cornerstone to success” says Lisa Anderson, The Manufacturing ConnectorSM and president of LMA Consulting Group, Inc., Claremont, CA.
51 Expert Tips on Inventory Control Methods
Inventory control is a critical function for businesses spanning every industry. Without effective inventory control methods, the supply chain suffers, you’re not able to meet customer needs adequately, and ultimately, your company’s bottom line will reflect these inadequacies.
But choosing the right method for inventory control and developing effective policies to ensure that processes are followed, improving the accuracy of your inventory control methods, and collecting accurate data to understand how to use that data to inform other areas of the business are concerns with no simple, across-the-board solutions.
That’s why evaluating your company’s current business scenario to identify key needs and choose systems and develop processes that will best accommodate these unique needs is often a necessary first step for companies who are selecting an inventory control system for the first time. It’s also a good idea for companies to conduct these audits periodically to ensure that current systems and processes are adequate considering growth or change that has occurred within the organization.
To help companies choose or develop methodologies that are well-suited to business requirements, we’ve compiled a list of 51 expert tips on inventory control methods, ranging from information to help you choose the right inventory control framework or methodology to understanding your company’s unique business needs and creating and enforcing effective inventory control policies. To browse tips in a specific section, use the links below to navigate to each category.
Published in Camcode on Jan. 17, 2020