Inventory used cars

The inventory in your warehouse or factory is both an asset and a liability. In either case, if it just sits there, it is worse than worthless - it’s of negative value. Whether it’s pens in the stationary cupboard or multi-million dollar machine tools in the dockside warehouse, inventory must be stored and cleared in as cost-effective and efficient a way as possible.

Inventory optimisation is about managing what is in the warehouse and how those contents flow into and out of the warehouse. It is the area where most ERP software implementations normally get the highest and fastest return on investment. It is therefore surprising that many companies that have implemented ERP have not yet added a dedicated inventory optimisation module, as it offers a huge potential for companies to maximise the value of their IT investment for a relatively small incremental cost.

It is a fundamental requirement for almost every company to be able to meet customers’ requested service levels with a minimum amount of inventory.