Top Five Inventory Priorities For Manufacturers
Managing inventory well is hard enough, but what makes it harder in the long run is the bottleneck caused by the absence of critical parameters. Here are the most important inventory metrics that manufacturers need to be aware of :
Product quantification: When quantifying the product to be used in the inventory, it’s recommended to follow a unified approach. This means the same units of measurement be used for the product across different inventories and packaging formats. The benefit of doing so is twofold: It helps end-users make comparisons quickly and easily—simplifying the decision-making process—and helps you do inventory valuations better.
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