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Lowering Vendor Managed Inventory Costs

Lowering Vendor Managed Inventory Costs

One of the surest ways to reduce your company’s inventory costs is to use a vendor managed inventory agreement. Success or failure with these agreements is dependent upon strong cohesion between your purchasing department and its vendor base.

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Posted on June 10, 2018May 6, 2019-Posted in Inventory Costs-Tagged carrying costs, gross profit, supply contracts, vendor managed inventory-No Comments

Your Sales Team and Inventory Obsolescence

Can your sales team use its enterprise mobility hardware to reduce the damaging effects of inventory obsolescence? In order to answer this question, it’s important to reflect upon how companies…

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Posted on May 16, 2018-Posted in Enterprise Mobility Hardware-Tagged carrying costs, inventory control, slow moving inventory, smart device software-No Comments

Supply Chain Management and Your Vendor Base

Supply Chain Management and Your Vendor Base

How does your purchasing department currently manage its vendor base? For instance, does your enterprise rely upon enterprise mobility solutions that empower your purchasing department to better manage incoming shipments…

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Posted on May 6, 2018May 6, 2019-Posted in Enterprise Mobility Solutions-Tagged carrying costs, cycle count, inventory control, inventory Management, mobility hardware-No Comments

Enterprise Mobility Solutions: Reduce Costs of Inventory Damage

How much does inventory damage cost your enterprise? Have you taken the time to define these costs and their impact on your bottom line? More importantly, do you know why…

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Posted on March 19, 2018-Posted in Enterprise Mobility-Tagged carrying costs, inventory costs, jit, mobility hardware, slow moving inventory, warehouse management-No Comments

Reduce Inventory and Receivables Financing Costs

There are two cost drivers that often mean the difference between making a profit on a sale and incurring a loss. One pertains to the high costs to finance inventory,…

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Posted on February 20, 2018-Posted in financing costs-Tagged accounts receivable, carrying costs, inventory control, inventory costs, slow moving inventory-No Comments

Inventory Carrying Costs: Improve Accuracy and Cost Management

Interested in knowing how upgrading your manual processes to enterprise mobility hardware can help reduce inventory carrying costs for your company? Perhaps you are unaware of what these expenditures entail…

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Posted on January 16, 2018-Posted in Inventory Costs-Tagged carrying costs, cycle count, inventory control, inventory costs, jit-No Comments

Inventory management, What Does Losing a Sale Cost Your Company?

Does your company track the impact of lost sales on your inventory costs? Surprised to hear that lost sales is viewed by many companies as a cost of inventory? Do…

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Posted on November 14, 2017-Posted in Inventory Management-Tagged carrying costs, enterprise mobility, jit-No Comments

Inventory, How Does it go From Slow Moving to Obsolete?

Managing slow moving inventory is never easy. There’s the constant concern of the inventory becoming damaged or worse, ruined beyond repair. Companies must therefore be proactive in selling this inventory…

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Posted on September 26, 2017-Posted in Inventory Management-Tagged carrying costs, inventory Management, slow moving inventory, warehouse management-No Comments

Carrying Costs Reductions with Supply Contracts

The right supply contract can effectively reduce your carrying costs, improve your vendor relationships and improve your company’s market position. Most Companies don’t take the time to define what their…

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Posted on September 18, 2017-Posted in Inventory Costs-Tagged carrying costs, inventory costs, supply contracts-No Comments

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