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
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statistical inventory sampling
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
- GeneralInventory management
3 Misconceptions about Statistical Inventory Sampling
by David Weaverby David WeaverKnowing 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…
- Inventory management
Stop thief! How inventory sampling can prevent inventory shrinkage
by Kai Keppnerby Kai KeppnerA 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…