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.
Managing Customers as Assets with Enterprise Mobility Solutions
Can an argument be made that your customers are the greatest assets your company has? In order to answer this question, think of what a customer means to your business….
Inventory Counts, What are the Costs if They Get Low?
Do low inventory counts always equate to low costs? After all, inventory is more expensive the longer it’s held and maintaining low inventory levels does help to reduce the high…
Understanding Your Company’s Financing Costs of Inventory
Most companies understand that inventory costs money, but few understand why inventory becomes more expensive the longer it’s held. Still, even fewer companies take the time to track the impact…