We’ve listed some handy tips and tricks to get started with DEAR for your business.
Knowing what inventory you have is a fundamental step toward forecasting how much inventory you’ll need. But traditional stocktaking processes like a full physical inventory are often...Read Article
What matters more to you in your warehouse, safety or productivity? Hopefully both, right? Unfortunately, many managers disregard basic warehouse safety tips in order to achieve marginal productivity gains. Not...Read Article
Do you want to reduce accidents, boost productivity, and streamline your business? Well, here’s how to do it: Organize your warehouse. From receiving to storing to shipping, the layout and flow of your warehouse will determine in large part how well your business...Read Article
Ever heard of a successful business that became successful while mismanaging its inventory? We haven’t either. They don’t exist. Sure, there are plenty of mammoth companies that mismanaged their inventories and lost billions after becoming successful. Walmart losing...Read Article
FIFO vs LIFO: the great business accounting debate. At the end of your fiscal year, you’ll probably use one of these two accounting methods to value your inventory and report your profitability. But they’re distinctly different and will produce very different results...Read Article
How do you effectively manage different types of inventory for maximum profit and lowest cost? You segment them into different categories, making it easier to track them and use your resources appropriately. So...Read Article
Lean Six Sigma is the system preferred by businesses around the world to streamline, improve, and optimize any and every aspect of their organization. What sets this system apart from everything else is its fusion...Read Article
If you want to improve your products and manufacturing, there are two major methods you’re likely to use: Lean vs Six Sigma. Lean manufacturing is well-known for eliminating waste while Six Sigma is well-known for...Read Article
Do you want your products to have fewer defects and your manufacturing process to have less variability? Then you need 6 Sigma. Through intensive training, focused projects, and effective statistical analyses, 6...Read Article
Do you want to decrease waste and increase the quality of your products? How about decreasing your cost of inventory and increasing your profit margins? You’d probably like to boost your productivity too, right?...Read Article
In business, there’s one phrase you never want to say: “We’re out of stock.” But we’ve all said it. And every time we say it, we tell ourselves we won’t say it again. Until we do. You shouldn’t beat yourself up...Read Article
Demand forecasting is a tough job with a lot of errors. The people who attempt to tell the future of your customers’ buying decisions are usually wrong. But sometimes they’re right. And in those instances, they’ve...Read Article
The layout of your warehouse is the foundation of the efficiency (or lack thereof) in your operations. From inventory management to order fulfillment, your warehouse layout design will either streamline your...Read Article
Walmart lost $3 billion in 2013 due to poor inventory management, leading to frequent stockouts. If that’s how improper inventory management affects a mega-corporation, how do you think it would affect your...Read Article
Obsolete inventory is the worst kind of inventory you can have (next to no inventory, of course). It increases your cost of inventory and is hard to get rid of. If you have too much inventory on hand that’s not...Read Article
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