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Image TLDR It wasn’t that long ago that production and retail inventories were gauged by the space available in which to store the supplies/goods. Then some smart people determined that in a well-managed, lean operation inventory could be obtained upon instant need, and thus Just in Time (JIT) Inventory principles were developed. Is the […]
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image TLDR Consider: Structure losses– estimated to the nearest square foot or square meter. Plenty of automated tools and techniques, and plenty of auditing for consistency. Contents losses– manual assessment and data entry. Some automated tools for high value, niche cover or pre-inventory. Little consistency in estimation as there is little consistency in what’s being […]
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