by Don Johnston | Oct 29, 2015 | Inventory Management Basics
Pareto Principle The Pareto Principle is named after an Italian economist Vilfredo Pareto who noticed that 80% of the peas which he grew in his garden came from about 20% of the pods. He also found that, in most countries, about 20% of the population owns 80% of the...
by Don Johnston | Oct 27, 2015 | Inventory Management Basics
Active inventory is inventory which will probably be sold or used in the reasonably near future. How far into the future depends on how soon you are hoping to see the expected improvements. The reason for finding out how much active inventory there is is that only...
by Don Johnston | Oct 17, 2015 | Announcements
I discovered that the contact form has not been working. I have not been receiving messages from it. The problem has now been fixed. If you have tried to send me a message using the form then please do so again. I should receive it this time. Please accept my...
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