Author: Michael Tunney
ABC Analysis: Inventory Management Principles & Classifications
Written by: Michael Tunney
One day while tending his garden, an Italian economist named Vilfredo Pareto had an interesting observation. He noticed that about 80% of his peas came from …
A small business guide to inventory (and boosting your bottom line)
Written by: Michael Tunney
Near the close of the 20th century, Hewlett Packard overtook IBM as the world’s third-largest PC manufacturer in the world. Yet not all was well at …
A small business guide to inventory calculations for supply chains
Written by: Michael Tunney
For businesses with multiple warehouses, thousands of items in inventory, and complex supply chains, moving to available-to-promise (ATP) supply chain management can transform a company. In …
Inventory analysis: Why it’s important for businesses of any size
Written by: Michael Tunney
When a hurricane starts to form off the eastern seaboard, Walmart sends extra inventory of strawberry Pop-Tarts and beer to the stores where the storm is predicted to …
5 inventory types: From raw materials to finished goods
Written by: Michael Tunney
As products go down a manufacturing line, every added cost and inefficiency eats into the profit margin. It’s why lean manufacturing has become essential for all …
