Inventory Management Program and Control Technique (IMPACT)

April 5th, 2022

Especially In today’s world you should be paying attention to this? If not, you’ll be glad to know that SafeSourcing does.

 

Today’s post is by Ronald D. Southard, CEO at SafeSourcing Inc.

Especially in today’s world, you should be paying attention to this. If not, you’ll be glad to know that SafeSourcing does.

The Inventory Management Program and Control Technique (IMPACT) is a way to maintain the stock keeping items at desired levels, whether they be raw materialsgoods in progress, or finished goods.

Inventory Management and Control is a scientific method of determining-

  1. What to purchase
  2. When to purchase
  3. How much to be kept as stock for a given period

Efficient inventory management and control means, never falling short of anything, never overstocking of anything and never dispatching too many small orders too often.

The SafeSourcing Wiki is an excellent source of information and educational content for procurement professionals and organizations. Better than that, its free to use. Even better than that, if your company is  looking for education delivery programs and certifications, please contact a SafeSourcing Customer Services Associate to discuss our programs.

 

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