Cut Inventory Management Costs

with GOIS Pro

http://www.goodsorderinventory.com

Inventory management

Raw materials

Component parts

Supplies

Inventory use

Sell the inventory directly to customers

Manufacture finished goods

Smooth flow of goods through

production process for

dependent work centers

Act as a buffer against supply uncertainties

Cost of Holding Inventory

Cost of Carrying Inventory

Unit material cost

Inventory holding cost

Storage cost

Fire/ theft insurance

Warehouse administration costs

Opportunity cost whereby investment could have been spent elsewhere

Cost of Not Carrying Inventory

Cost of ordering fresh inventory

Cost of reordering inventory

Loss of revenue

Loss of customer goodwill

Prospective customer loss

When to order and how much to Order?

Inventory level is

the function

of …

Lead Time

Daily Demand

Safety Stock

Demand Rises

Supply Dips

How Much to Order

Fixed-order Quantity Model

Fixed Time Period Model

Controlling Inventory with GOIS Pro

Classify Inventories

GOIS Pro

Maintain Accurate Inventory Records

GOIS Pro is designed as an inventory control system that monitors inventory

levels with effective systems and functionalities.

Thank You!

For Complete Article Please Visit:

MetaOption LLC

574 Newark Avenue, Ste 210

Jersey City, NJ 07306

Phone: +1 (201) 377-3150

Email:support@goodsorderinventory.com