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 Inventory and supply chain consultancy services, Delhi NCR

Inventory & supply chain consulting services by VGNC helps businesses to build and manage a high- performing supply chain & a sustainable inventory. <br><br>For more details visit us at: https://vgnc.in/<br>or contact us : 9810666554, 7668010101<br>Email : info@vgnc.in

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 Inventory and supply chain consultancy services, Delhi NCR

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  1. Inventory Controlling Methods and Techniques: Expert Tips by VGNC

  2. Tips 1 - Establish Policies for Stocking • You can estimating minimum & maximum stock levels • It helps to set an effective re-order level. • you can optimise your inventory in hand eliminating excess and lack

  3. Tips 2 - Maintain a Permanent Inventory System • Maintain a robust inventory system • Strategise your inventory to add value in operation • consult an inventory and supply chain consultancy

  4. Tips 3- Prepare an Inventory Budget • Before procuring inventory, you must create an annual inventory budget • Budget must include the cost of ownership to store the inventory during an accounting period. • Also including material cost, carrying a cost, fixed operational cost, logistic cost, and additional miscellaneous cost.

  5. Tips 4- Inventory Turnover Ratio • The inventory turnover ratio should be watched closely (from each store / warehouse) • Mainly you should track the sold and replaced inventory during a period • By tracking demand patterns, you can ensure product re-order calculations are optimised.

  6. Although you can incorporate inventory control methods mentioned in this blog, you must consult an inventory and supply chain consultant to the ones that suit the specific needs of your business.

  7. THANK YOU

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