1.Know the dynamic change in inventory control. An inv […]
1.Know the dynamic change in inventory control.
An inventory checklist is always important to an interlining supplier. This checklist will help interlining suppliers understand how many raw materials they need to orders for the interlining products such as woven interlining, non-woven interlining and fusible interlining. However, the level of inventory to be ordered is not the same in each ordering period. You should pay attention to the market change in the interlining industry. Never assume that you should always order the same level of inventory each time. The order quantity for inventory control must be associated with your business development accordingly.
2.Understand all about the cost.
When we talk about cost, it is not as easy as the production cost only. A comprehensive understanding on cost of interlining products like woven interlining, non-woven interlining and fusible interlining is essential and primary. It is critical to know the cost of holding the inventory of a particular interlining product: this cost is the sum of production cost and any other associated cost of the inventory. In addition, the cost on new materials ordering should be also taken into account, as well as the cost of stock shortage. Always bear in mind the heavy impact by the short of inventory from a customer's view. You should consider the quantity, frequency and cost in an order for raw materials of interlining products. All the cost planning related to the inventory control is a key factor to the success of a interlining supplier.
3.Make a strategic plan on inventory control.
A strategic plan on inventory control on interlining products like woven interlining, non-woven interlining and fusible interlining is a key to a successful interlining business. This strategic plan should be able to couple with the emergencies in the supply chain, and in turn help the interlining suppliers to maximize the profitability. The holding of safety stock in the strategic plan on inventory control is fatal to the business. The safety stock will enables us to fill the inventory gap by materials order delay and unexpected sales. With the help of safety stock, the interlining suppliers not only maintain a high profitability, but also win customer's satisfaction.
4.Pay attention to the selling products.
Careful records on the products sold are essential. These records must include the total sales figure and the hot sales products. The sales figures on interlining products such as woven interlining, non-woven interlining and fusible interlining will help you calculate a reliable enough reorder point for the materials. On the calculation of reorder points for inventory control, you should take the sales pattern into account. All this information comes from the sales records on interlining products.