JIT “Just In Time” Measuring The Impact
Sep17

JIT “Just In Time” Measuring The Impact

A smooth flow of stock and semi assembled items just as many as you need, just when you need them. No waste, no hidden inventory costs and reduced issues with obsolescence. JIT (just in time) implemented into a companies supply chain seems to provide a lot of benefits, and in most cases it does. The internal logistics and accounting departments of many companies have come unstuck with the hidden costs of implementing JIT however, and...

Read More
Hidden Stock Issues
Sep17

Hidden Stock Issues

The question of stock control often, and necessarily begins with the preceding question of, “How much stock do we have at the moment”. Issues of return on investment, “stock turns” and safety margins for critical items of production or supply should be understood by any company that holds stock. The one time this is rationalised for many might be the annual and legally required stock take for accounting...

Read More
quick-desktop