Welcome to Whiteboard Wednesday! In this video, James Shores explores how to classify inventory in four ways:
- Two Bin
- Order Cycling
Not only does he explain how all of these inventory classification systems work, but also the costs and benefits they offer. There’s a lot of great information crammed into just three minutes, so you’ll learn a lot by checking out the video above!
Robert Lockard is a copywriter with Fishbowl. He writes for several blogs about inventory management, manufacturing, QuickBooks, and small business. Fishbowl is the #1-requested manufacturing and warehouse management software for QuickBooks users. Robert enjoys running, reading, writing, spending time with his wife and children, and watching movies.