Excess inventory does not only harm your company’s profits but impacts the overall economy too, as those resources can be put for better use. More you hold on to the idle industrial products, the more you lose (finally disposing as scrap or even pay to flush out scrap). There are so many reasons for overstock … Continue reading Excess Industry – How to Identify, Measure and Manage?
Buying industrial spare parts have mostly been the traditional route. Companies that need to procure industrial spare parts usually discuss with vendors, suppliers, manufactures depending on the quantity and availability that the company requires. This trend is slowly changing as online buying has become part of almost everyone lives today. In case of a B2C … Continue reading Industrial spare parts online: Expectation Vs Reality
Obsolete Stock ? Dealing with obsolete products is considered to be the great risk factor. A lot of old stock are a notice sign for financial specialists, that an inventory is in absolute loss. These are all the results of poor management of products list, poor estimation etc. Taking a gander at the measure of … Continue reading LIQUIDATING SLOW MOVING /OBSOLETE PRODUCTS