Vendor Managed Inventory
Vendor Managed Inventory
Affordable Pricing | Quick Turnaround Time | Local and Family-Owned Business
Affordable Pricing
Quick Turnaround Time
Local and Family-Owned Business
Inventory Management and Its Components
Inventory management is an important part of the supply chain that includes controlling and overseeing purchases from suppliers, maintaining and storing stock, controlling the amount of product for sale, and fulfilling orders. This definition may vary from one company to another depending on the products they sell.
Excel, Google sheets, or other manual tools are used by small-to-medium businesses for their inventory management. Our inventory management covers aspects like raw materials, work-in-progress, MRO inventory, finished goods, cycle counting etc. Call
Presto Packaging & Foam for all types of inventory management services.
Inventory Kitting
Pre-assembled products : assembling products is a type of inventory kitting since you are selling separate inventory when you undertake product assembly on behalf of the customers. Manufacturing and wholesale operations make use of kitting to track inventory parts and reorders. Similarly, product assembly gives the customers more options and a better service.
Custom and personalized goods : when separately tracked materials are used to create a custom-made item then it is called kitting.
Just-In-time Inventory Management
An inventory management concept that originated in Japan, JIT is an inventory technique used to reduce wastage. IBM's Continuous Flow Manufacturing (CFM), a lean inventory management technique, was influenced by this concept. Drop shipping has made this kind of inventory management very popular. In drop shipping, the product is sold before buying it and then the product is purchased from a third party and shipped directly to the customer.
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