Inventory Management: Stay On Top of the Metrics

Therefore, you constantly must monitor and improve your ability to:
• select better product,
• improve performance productivity,
• control inventory and
• drive increased profit to the bottom line.

Depending on your system’s sophistication, you can develop and produce reports that allow you to look at item-level performance in myriad ways. If you have these tools available, hopefully you’re using them productively. I’ll look at the key information you should be tracking and, ultimately, reporting.