Wouldn't it be great if every time the roll of toilet paper was near the end, it would magically be replenished? While there is no such thing as a toilet paper fairy, there are inventory fairies.
Let’s start this discussion by defining VMI. The simple translation is VMI stands for vendor managed inventory — but what does that mean, and how should that help you? Using the services of vendors to ...
Inventory is the largest balance sheet asset in your business: If your margin is 50%, that means your cost of goods is 50%. In other words, 50% of your net sales are spent on inventory and inbound ...