Tag Archives: Inventory Quality Ratio

Explain it with IQR !

Are you constantly tasked to reduce inventory? Having difficulty explaining proper inventory levels to higher ups that only see dollars? Is it to the point whereas you’re reducing the good inventory along with the bad? It’s time to adopt Inventory … Continue reading

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Human Designed ERP Systems – Fantasy?

While watching 60 minutes this week there was a segment that caught my attention. It was about IDEO incorporated. IDEO incorporates human design into business. Founder and CEO David Kelly have created thousands of breakthrough inventions. One of the more … Continue reading

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IQR – Powerful Inventory Reduction Tool

Have you discovered IQR! IQR stands for Inventory Quality Ratio.  This is a very powerful and effective tool for inventory valuation, reduction and review. This is how it works. Divide your inventory into four quality categories. Active– Items with future … Continue reading

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