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…
Tag
statistical inventory sampling
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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. Keep Calm And…
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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 Success with statistical…
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GeneralInventory management
3 Misconceptions about Statistical Inventory Sampling
by David Weaver April 7, 2014Knowing 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…
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Inventory management
Stop thief! How inventory sampling can prevent inventory shrinkage
by Kai Keppner November 18, 2013A 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…
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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…