Do you know how much your inventory is costing you? – Part 3

Reading Time: 4 minutes Do you know how much your inventory is costing you? – Part 3 Costing methods can be a contentious issue where there is no definite right or wrong answer.  The other day, while looking at my Quora feed, I came across a user who posed a question regarding a disagreement between two people. He wanted … Read more

Do you know how much your inventory is costing you? – Part 2

Reading Time: 3 minutes Do you know how much your inventory is costing you? In my last blog, I referred to how much your inventory is costing you and that both direct costs and overhead costs will have an influence on your stocking quantity. This week, when returning from the shops I unpacked my groceries and repacked them into … Read more

Factories of the Future

If there’s one thing global competition has taught us, it’s that our attitudes towards technology can mean the difference between success and failure. Industry 4.0, the ‘Fourth Industrial Revolution’, is still in the early days of adoption, but the changes it promises are profound. Over the next decade, forward-thinking businesses will embrace change and transform themselves, through connectivity, data, automation, and an increasingly sophisticated workforce.

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