Cross Docking: Don’t try this at home!
The practice of cross docking is another error that follows logically from a mistaken assumption. I have already shown why MIN/MAX and EOQ are wrong. The basic assumption is that “reducing logistics…Reed more »
MIN/MAX and EOQ fallacy
Why do we have inventories? All consumer goods, such as soap or food, even household appliances, you know what I mean, all these products are in inventories. We are used…Reed more »
What is a WMS?
A WMS (Warehouse Management System) is a software that allows you to carry out an intelligent and real-time control of the operation, increase the speed of the transactions and have…Reed more »
Inventory valuation methods
Valuation Methods or, Inventory Valuation Methods are techniques with the main goal of selecting and applying a specific base to evaluate inventory in monetary terms. Valuation is a vital process…Reed more »