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When it comes to inventory management, companies often underestimate the importance of safety stock and the need to maintain optimal levels. While it may seem like the path of least resistance from a service level standpoint, holding excessive inventory stock level leads to suboptimal working capital management and, as a result, hurts profitability by curbing… read more →
When maintained correctly, medical equipment inventory becomes an important part of improving equipment management in a healthcare organization, which in turn plays a key role in enhancing the company’s bottom line. With better equipment management comes improved access to, quality of, and use of medical devices; as well as constructive insight into the company’s… read more →
For healthcare organizations, inventory can be an important and powerful tool for controlling effective equipment management programs and providing better access to, quality of, and utilization of medical devices. Accurately managed inventory can also be used for forecasting, developing budgets, performing risk analysis, risk management and mitigation, developing replacement and disposal practices, maximizing optimal… read more →
In today’s marketplace, deciding how much inventory to carry is by no means a simple task. With the growth of eCommerce and a competitive international trading scene, inventory managers are finding it harder to make accurate projections to stock their inventories. In such a scenario, we are seeing more project managers depending on safety stock… read more →
While countless white papers have been published on the importance of inventory management, at refineries across North America it seems the jury is still out. Through the collective experience of the Trindent Hydrocarbon Loss Control practice we’ve witnessed every inventory management structure imaginable. While one refinery will keep the crude tanks filled to capacity in… read more →
The Airline industry focuses on fuel from a standpoint of lowering their price per gallon through purchasing mechanisms and transportation tariffs. However, there is less focus at the airport level through operational excellence. Airlines are prone to jet fuel losses due to inaccurate measurement and inaccurate billing at airport locations. These are driven by deficiencies… read more →
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