Inventory

Executive Summary There is a putaway, and goods receipts which involve the confirmed goods received post goods issue and post goods receipt. There is also a putaway process. Introduction to the Putaway Process A goods receipt is the process of receiving goods into a facility. A goods receipt is performed both physically and in the…

Executive Summary ABC classification or ABC inventory is a way of segmenting inventory so that the product location combinations can be managed. We cover how ABC classification works and how it compares to other comparative methods of segmentation. Introduction to ABC Classification ABC classification is probably the most common way of performing the segmentation of…

Executive Summary Inventory planning differs from supply chain execution. We cover the major aspects of inventory planning. Introduction There are multiple manufacturing environments that a company that sells products falls into. These are called make to stock, make to order, engineered to order, and others. Understanding these and the role of replenishment triggers and inventory…

Executive Summary Supply chain planning systems are intended to improve replenishment. We cover automatic replenishment system or a continuous replenishment program, retail replenishment, and replenishment triggers. We cover where replenishment is found in SAP. What is Replenishment? The term “replenish,” or replenishment, is natural to blend in one’s mind with purchasing. However, the replenishment strategy…

Executive Summary The term SKU stands for something specific and is associated with the SKU number. The SKU number tells us important things about the properties of the SKU. Video Introduction: How to Best Understand What the SKU Stands For and the SKU Number Text Introduction (Skip if You Watched the Video) SKU stands for…