Resources & Blog Posts

May 30, 2023

Inventory Turnover: What is It and How It Is Calculated?

One of the best strategies for strengthening your bottom line and boosting efficiency within your business is to take a closer look at inventory management data. As a whole, metrics like efficiency ratios can help businesses to assess their own performance in using assets effectively. One such efficiency ratio is the inventory turnover ratio. This important metric can help businesses to better understand and, if needed, shift their approach to inventory management.

Dec 1, 2022

Best Practices for Healthcare Inventory Management

Among the many truths highlighted by the COVID-19 pandemic is that healthcare organizations need precise and reliable inventory management practices. Following a few best practices can prevent unexpected stockouts as well as costly unnecessary overflow in the stock room. 

Nov 25, 2022

3 Steps for Making Vendor Managed Inventory (VMI) Work

In theory, Vendor Managed Inventory (VMI) is a mutually beneficial system for optimizing inventory flows and reducing supply chain costs for vendors and their buyers. VMI refers to a supply chain system in which the vendor takes responsibility for the inventory instead of the buyer....