Recently it has been recorded that the Inventory Build Up process
in Manufacturing and other industries had become an hidden treat to the
companies.
The stock pile up occurs due to Supplier’s inefficiency and also
in some cases due to bad quality.
This is directly proportional on choosing the right vendor who can
be trusted and reliable in supplying the raw materials.
The inventory cost increases resulting in storage of huge unsold
stocks which leads to a lot of business failure, because the supplier would
never been crossed the threshold level by then.
Also in some cases the production delays can lead to build up
inventories too. Production delays occur with various reasons like
1.
Product Bad Design
2.
Messed Up Production Layout.
3.
Breakdown Stoppage
4.
Delayed and Time
Consuming
5.
Resource Management
6.
Floor Management.
The
above factors can be related to all the stages of production Life Cycle.
In
any business the amount of profit is analyzed based on the products sold and
how well the inventory is managed. The Product Life cycle will come across
different stages like
c.
Goods
Shipping
d.
Sales
e.
Customer
Service
But
for large sellers there will also be these two options like either Out of Stock
or Stock Overflow. Considering the challenges and pain areas of any
business and to provide them with a proper solution, we at EZ
Accounting software came out
with the right Inventory management software termed as “EZ Inventory”. To support the customers and to
make them know about our product we also provide Free Demo. Please don’t
hesitate to log on to http://www.ezaccounting.com.sg/
Also
our staffs will be happy to serve you at all times. You can reach them on
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