What Is RFID Solution In Warehouse Management – Advantages Of RFID Technology

What Is RFID Solution In Warehouse Management – Advantages Of RFID Technology

If you’re looking for information about warehouse RFID technologies, then you will want to read this article. Specifically, I will go over the advantages associated with RFID technology, to help you manage inventory in your warehouse more accurately, and use it to communicate more effectively with your employees. RFID stands for radio frequency identification. It’s…

Measuring and Forecasting Demand In Inventory Management

Measuring and Forecasting Demand In Inventory Management

Use sales history to measure demand for forecasting, not item requests or demand data. Adjust sales history to exclude unusual orders. Bodenstab recommends an automatic filter on sales history of four times the mean average deviation between the forecast and actual usage (explained below). Graham offered two forecast methods, one for non-seasonal items and one…

What is the 80 / 20 rule of Inventory Management?

What is the 80 / 20 rule of Inventory Management?

The 80 / 20 rule — 20 percent produces 80 percent of the results — applies to inventory and to customers. Develop an authorised stock list for each warehouse and procedures for adding and removing items. In general, top selling inventory items are stocked, slow movers special ordered. Sales people should confer with the best…

What are Inventory Management Software Principles?

What are Inventory Management Software Principles?

The management practices in modern inventory management solutions began to develop during the industrial revolution in the late 1800s. Soon after inventory management training consultants developed programs to educate distribution managers. In the ERP software era Gordon Graham paved the road for today’s inventory management consultants. Graham’s books remain popular introductions:┬áDistribution Inventory Management for the…