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Articles from Wayne Mckay | Selfgrowth.com
- Importance of Inventory Management Training - by Submitted on May 14, 2013 from Wayne MckayThe world of business is changing from traditional modes to modern methods of production and distribution. This change is accompanied with increased efficiency and is highlighting the importance of the greatest resource of time. Likewise, as today’s business changes, so does the customer. ...
Views: 1887 - Tips For Ensuring Inventory Accuracy - by Submitted on Apr 19, 2013 from Wayne MckayThe need to have a working inventory management strategy cannot be underscored. While there are several parameters of a successful system, effective inventory management can only be measured by the level of its accuracy as well as the impact of the results on general business processes. ...
Views: 672 - Inventory Cycle Counting: A Must Use Technique for Better Inventory Management - by Submitted on Apr 05, 2013 from Wayne MckayInventory counting is a mandatory exercise in financial accounting, tax regulations and as a basic management practice. The purpose is to assess the value of stock and serves as an essential tool for safeguarding a company’s assets. There are tens of procedures a company may resort to in ...
Views: 666 - Inventory Record Accuracy – Its Significance for Business Success - by Submitted on Mar 07, 2013 from Wayne MckayAsk yourself the following questions about your business: • Do you find yourself with more inventory errors than normal? • Do you often find yourself coping with emergency rush orders to fill stock, or suffering stock outs? • Are your records met with skepticism rather than trust? • Do ...
Views: 2144 - Why Paying For Employees’ Additional Skills Training Makes Sense Now - by Submitted on Jan 26, 2013 from Wayne MckayBusinesses in Retail and Manufacturing must have a continuous focus on Inventory Management and Optimization to reduce working capital requirements. To support this focus, they need suitably-training employees with Inventory Management skills. If you’re an employer with un-met business needs, ...
Views: 760 - What's The Value Of ABC Inventory Management? - by Submitted on Dec 20, 2012 from Wayne MckayWhat if there was a system of Inventory classification that you could use to maximize the effectiveness of your efforts in just about any aspect of your business especially inventory management? The good news is that such a system was developed a long time ago. Originally based upon an ...
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