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.
- Inventory management
Achieving Success with Statistical Inventory Sampling Methods
by David Weaverby David WeaverQVC, 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
Three 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 …
- Inventory management
The Fashionable and Modern Way to Accurately Count Inventory
by David Weaverby David WeaverOver 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 …