Most companies carry too much inventory. “You can’t sell from an empty wagon,” is usually the reasoning. Being over-stocked means the company will likely not run out of anything.
Most companies carry too much inventory. “You can’t sell from an empty wagon,” is usually the reasoning. Being over-stocked means the company will likely not run out of anything.
But what about the inventory that has celebrated a few birthdays in the warehouse? Has anyone stopped to calculate the true cost of worrying about “running out?”
The costs of maintaining excessive inventory usually far outweigh the true cost of not being able to quickly deliver a particular item to a customer once in a very long while.
A balance must be struck between inventory levels and turnover. Good inventory managers know what stock moves at what rate. They carefully plan re-order levels to ensure that the chances of running out are minimized while the turnover rate is maximized.
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i-Fundi are pioneering leaders in employment and skills development as a learnership training provider. As one of the first organisations accredited to run learnerships in South Africa, i-Fundi has been at the forefront of innovations in career development for nearly two decades.
In 2005, we were selected by the Department of Labour to serve as an Employment and Skills Development Agency to scale up the roll out of learnerships. We have also been part of the dti’s Monyetla Work Readiness Programmes since its inception in 2006.
Over the last 15 years we have developed a state of the art online learning system, systems and procedures for large-scale learnership management and multi-sector programme offerings.
Inventory Management course is offered by Jaylee Group. Join thousands of successful and high-flying entities, individuals, groups and communities that continue to benefit from our customized training and development programmes.
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