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This blog post emphasizes the importance of Minimum Order Quantity (MOQ) and how it can affect the pricing and inventory levels of products. Understanding MOQ is crucial when placing orders to avoid excess inventory or high purchase prices.

In our previous series on how to “Master Confusing Inventory Management Lingo” (Part 1), we introduced some of the most commonly used yet misunderstood inventory management terminologies such as Safety Stock, Reserve Stock, and Inventory Maintenance Cost.  If you find yourself asking, “How can I put better inventory management into

Accurate definition of keywords that inventory managers must know Are you new to inventory management? Do you ever feel lost when it comes to managing your inventory?  Having a solid foundation of the basic terminology should make it much easier to understand the concept of inventory management. We’ll introduce

The term “cost management” in inventory management signifies efforts to minimize the total cost involved in managing inventory without jeopardizing the supply chain. Many companies are facing theoretical challenges in reducing the total cost in inventory management when determining optimal production or order quantity. First, let’s explore the types

As the new year starts, people's social media are flooded with the classic January tagline "new year, new me", overlaid with pictures of healthy meals, exercise, or a clean house. Whether or not there's something magical about January, it's probably not a