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posted on 23 Apr 2024
FIFO stands for First In, First Out. 5S is a method for organizing a workplace to improve efficiency and safety.
FIFO is a method of inventory management where products that are received first are sold or used first.
Maintaining 5S in the store involves Sort, Set in order, Shine, Standardize, and Sustain.
For example, organizing products on shelves based on their expiration dates follows the FIFO method.
Implementing color...
posted on 6 Jun 2022
ERP integration with Oracle can streamline store operations and improve efficiency.
Integrate ERP system with Oracle for real-time data exchange
Automate inventory management and procurement processes
Utilize Oracle's analytics and reporting capabilities for better decision-making
Implement security measures to protect sensitive data
Train employees on new system to ensure successful adoption
posted on 7 Apr 2021
Inventory refers to the list of goods or materials held by a business for sale or production.
Inventory includes both finished goods and raw materials.
Inventory value is the monetary worth of the inventory at a specific point in time.
Inventory is an important aspect of managing supply chain and ensuring customer satisfaction.
Examples of inventory include clothing in a retail store, ingredients in a restaurant, or spare
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