statistical inventory sampling

It’s December 30, the last Christmas cookies have been eaten and the fireworks for New Year’s Eve are already waiting for their ear-splitting performance. It could be a relaxing start

You have probably heard it several times before. I’m also pretty sure, that you have read it once or twice, maybe printed on mugs, bags and t-shirts.

QVC, which stands for Quality, Value & Convenience, was founded in 1986. The company sold its first product, a Windsor Shower Companion, during a live TV broadcast

Knowing what is on hand in a particular warehouse at a given point in time is of utmost importance. That is why stocktaking procedures should not be taken lightly. As…

A few weeks ago, the story of a high-profile theft made the headlines. Ms. Lederhaas-Okun, a former executive at the internationally renowned jewelry company, Tiffany & Co., was accused of…

Over the past few months on this blog, we have sporadically covered the complex topic of statistical inventory sampling. After a brief introduction to this highly effective and accurate counting…