Small and medium businesses (SMB) need to address inventory challenges by using a tightly integrated approach that reflects the dynamics of the extended supply chain. Data must also be available to other application modules within the enterprise resource planning (ERP) system. An inventory optimization solution allows companies to effectively fulfill demand and identify how to gain additional profits from their inventories.
lean methodology and lean thinking
, Implementing Lean , Lean Methodology , Advanced Lean Thinking , Lean Advancement Initiative , Lean Insider , Lean Learning , Lean Software Engineering , Motivate Lean Thinking , Resources on Lean Manufacturing . Giving small and mid-size manufacturers and distributors the ability to reduce inventory holdings, increase inventory turns and improve customer fulfillment. Introduction Inventory takes many forms, ranging from raw materials to fi nished goods. While holding large amounts of inventory enables