The inventory goes down the elevator every night. — Fairfax Cone
As companies sell their stock, the increased need for consumer goods and products increases. Businesses may use a manual or an automated system for reordering inventory. Manual systems commonly demand that business owners and managers to review inventory flow for individual products and place orders from vendors; such processes can be drawn-out and usually involves the usage of several ledgers. Automated inventory flow systems, however, allow companies to electronically transfer information to vendors and manufacturers who are requesting additional inventories; these systems reduce the lead time that businesses require to replenish their current stock counts. Companies more recently use automated business systems to improve their stock management, and benefit from their precision and speed.
Inventory flow begins with the purchase of consumer products or raw materials from suppliers. Manufacturing companies require raw materials to produce their consumer products. Raw materials include natural resources such as land, minerals and timber. Most manufacturers produce consumer products and ship these items to vendors. Vendors receive stock products and hold them as they anticipate orders from retail stores. Most retailers begin their inventory management process by ordering goods from vendors.
Flowthrough represents the methods that companies use to move consumer products through the company, and most often shows in businesses like distribution centers, grocery stores, manufacturers, restaurants and retail stores.
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