Linda Cade

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In today's economy everyone is trying to do more with less. Economic indicators tell us that manufacturing is beginning to pick up, but we've heard that before. Business analysts are predicting an upturn in overall business in the coming months. Unemployment rates are lower than they've been in years. That's all good news, but none of us are ready to return to the days of unmonitored spending or extravagant hiring practices. For many businesses, the largest asset after personnel is inventory. For many of those same businesses, potentially their largest expense after payroll is the cost of the inventory that sits on the warehouse floor. In the face of economic challenges some very smart people have developed various methods to help minimize the impact of assets tied up in unused inventory and wasted warehouse space. You've undoubtedly seen the acronyms and come across... (more)