How to carry out effective inventory management

1, grasp the current inventory: enterprises in the acceptance of orders or manufacturing and sales of products in the process, it is necessary to understand the current inventory situation, and according to the inventory situation to determine the production and operation policy, so as to avoid the inability to deliver on time.

2, to reduce the cost of inventory: through the management of the inventory chain, the inventory costs as far as possible to control within a reasonable range, to reduce the cost of inventory.

3, accurately reflect the amount of inventory: enterprises in the year-end settlement, it is necessary to accurately calculate the amount of money accounted for by the inventory, otherwise it is easy to cause financial confusion, the impact on budgeting.

Of course, different industries have different focus on inventory and need to be treated differently. The last step is to learn inventory management. Large enterprises often use their own warehouses to provide services for the branches, but for small and medium-sized enterprises, so it is obviously not cost-effective, here are five methods, more suitable for small and medium-sized enterprises to use:

1, product-oriented customers: communicate with customers to fully understand the types and quantities of goods they need, and through a comparative analysis, the development of accurate and detailed sales forecasts, and accordingly Manufacturing production.

2, and suppliers to establish a good relationship: the cultivation of long-term trust of the supplier, to obtain access to materials priority, to ensure delivery time. In this way, companies do not need to prevent the shortage of materials and a large number of stockpile goods.

3, do not fear of shortage: shortage is not terrible, shortage at least proves that the enterprise is not because of too much inventory consumption costs, a never shortage of enterprise is likely just because it piled up too much inventory.

4, the sale of excess inventory: the enterprise can not guarantee that the purchase of all materials are accurate, when the enterprise has a large number of materials remaining and will not be used in the near future, it may be worthwhile to resell these materials to other enterprises.

5, choose the critical point of inventory into the goods: constantly check the warehouse of the enterprise, each time only in the case of unbearable into the goods, rather than regular timing into the goods, so that you can avoid making the enterprise warehouse pile up a large number of materials.