Wednesday, November 19, 2014

JIT Solutions Group helps companies get their inventories under control


WINSTON-SALEM, N.C. – Joe Crews has opened a consulting firm, JIT Solutions Group – the first in the Triad – aimed at showing small and medium-sized businesses become more organized and profitable by showing them how to manage their inventory of spare parts and finished product.

How to control & reduce inventory costs


There are several strategies a company can take when attempting to control and reduce inventory costs.  At JIT Solutions Group, we highly recommend implementing a 2-Part Cycle Count Program.  By implementing this program, companies will have a more efficient process of counting their inventory as well as a process for auditing items with high usage rate, all without the need for a Year-End Inventory and the disruptions that go along with it.

Tuesday, November 18, 2014

10 reasons for inventory errors

Before any improvement plan begins, you must have a clear understanding of what will cause errors to your inventory and the effect they have on your business.  Only then can you take the necessary steps to correct these errors.
 

  • Insufficient training of Staff:
    • If your staff does not have a clear understanding of their job, how can they be expected to perform effectively? Training is not a quick solution, but it will have the greatest ROI.

Common Inventory Management Problems- Part 1

A successful business relies on many factors, one of which is a reliable inventory management system. Inventory management consists of everything from accurate record-keeping to shipping and receiving of products. Inventory management that is properly maintained can keep a company’s supply chain running smoothly and efficiently. However, there are many common inventory management problems that can occur.

Wednesday, November 5, 2014

ARE YOU READY FOR YOUR YEAR-END INVENTORY COUNT?


It’s one of the most dreaded days of the year for many of you…physical inventory day.  This can be a frustrating and time-consuming process with numerous obstacles, though with the proper planning you can make the physical inventory process run smooth and efficient.

Inventory preparation – There is a lot you can do ahead of time to prepare for the big day.  Inventory areas should be clean and organized.  If they are not, the physical inventory will take much more time and be much more aggravating than it needs to be.  You can also perform pre-counts on certain areas.  If you have sections of inventory that don’t turn very often or are reserve stock, you can count and tag them ahead of time.  Further, physically segregate any inventory that should not be included as part of the physical inventory process, and label as such.