Archives for July 2022

How to Identify and Avoid Obsolete Inventory

This Iconotech video looks at the cost savings if you switch from pre-printed case inventories to generic case inventories. If you’ve identified slow-moving inventory, the first step is to notify your team that there’s a concern with that inventory item. That way no one will accidentally order more or fail to take action on a sales plan. It would be great to link the average monthly usage, especially for companies with seasonality, or the corresponding sales value, so that we can calculate the metrics we discussed. Remember that your ERP or accounting software might have a more complicated process in… [Read More]