Over the years, businesses have created and implemented numerous different inventory management techniques in an attempt to improve profit through decreased costs. Although each system works in a different way, the following principles are universal to inventory management. Along with a good enterprise resource planning (ERP) system, these 6 steps are the key to good inventory management.
Topics: ERP, enterprise resource planning, inventory management, inventory, budget, john shepperson, oates co, forecasting, turnover ratio, perpetual inventory, purchase procedures
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