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Understanding Vendor-managed Inventory Processes

Vendor-managed inventory (VMI) is a process that is handled by the vendor. In such cases it is the vendor who takes care of certain inventory and ensures the quantities and the time of their supply. In simpler terms it is akin to how small grocery shops get their...

Understanding Types Of Kanban

Kanban is a manufacturing system used to make the work processes easier and efficient. One-way to do this is to balance material flows by employing controlled inventories. Kanban achieves this by focusing on the flow of production. If one part of the production...

Understanding Kanban for Business

Kanban is a tool that can lead to efficiency in the business by uncovering problems in production process, work flow or any other process problem. Kanban can help businesses in many ways. But to implement Kanban, it is important to understand what it is and how it can...

Understanding Inventory Replenishment

Inventory replenishment is a necessary task for businesses. It is the process by which orders are replenished depending upon the needs of the business. The replenishment cycle can occur anytime between the production cycles and the potential sales. It is essentially a...