Tag Archives: inventory management

Inventory: When It’s More of a Problem Than It is an Asset

Inventory consists of items owned by enterprises and which flow through supply chains.  Items include raw & packaging materials, ingredients, parts, components, assemblies & sub-assemblies, work-in-process, and finished products.  People aren’t inventory nor are equipment or assets which enable the transformation, storage, handling, or conveyance of items. Inventory typically also does not include operating supplies,Continue reading “Inventory: When It’s More of a Problem Than It is an Asset”

The Key to Managing the Future is to Anticipate It

We do a lot to foretell the future. Organizations and individuals invest heavily in analytics and software to know what tomorrow will bring.  Some offer great potential as in the case of Google’s investment in artificial intelligence for wind energy. But just as much as it may be worth it to foretell the future, itContinue reading “The Key to Managing the Future is to Anticipate It”