Inventory Management is expensive process for a business, no matter if they produce a good for end customer ( like you said, raw materials, work in progress to finished products ) or they sell finished goods. Simple way for company goods is Pareto principle for any company goods they sell. ABC system. Like you said in this video most of the companies prefer to do annual inventory ( periodic ) but some companies do cycle inventory, which in my part of view is the best method, because you have in real time quantity of company goods ( my manager is not agree with me :), don't know why ) Got level 3 in Inventory management, and level 5 in Operations Management, and now I study Supply Chain Management level 7 ! I saw a couple of your videos. Keep going, I will watch your new posts. Kind regards
Inventory Management is expensive process for a business, no matter if they produce a good for end customer ( like you said, raw materials, work in progress to finished products ) or they sell finished goods. Simple way for company goods is Pareto principle for any company goods they sell. ABC system. Like you said in this video most of the companies prefer to do annual inventory ( periodic ) but some companies do cycle inventory, which in my part of view is the best method, because you have in real time quantity of company goods ( my manager is not agree with me :), don't know why )
Got level 3 in Inventory management, and level 5 in Operations Management, and now I study Supply Chain Management level 7 !
I saw a couple of your videos.
Keep going, I will watch your new posts.
Kind regards
Great content as always Eric, love your condensed summaries. Thanks!
Your explanation is amazing, I've learnt alot on inventory management. Thanks alot.
What are your top ten suggestions for erp systems for 3p logistics company’s?
Outstanding presentation for this subject. Powerful information. Thank you:)
Wow, Eric, superb information. thank you very much.
What an amazing video thank you Sir. Very detailed
Great work work Eric i have learnt much from you
Do a video on top 10 DSD software vendor
Excellent content!
Good One. Refreshing for the companies like us who develop Inventory Management Software.
Outstanding info
Awesome summary
Thank you!
Great job - thank you
Thanks for watching!
Really helpful thank you
thanks
Much understanding. Thanks
What is this guy talking about? He never have one day work experience. All he does is just talk on UA-cam and pretend to be a guru or expert.