What is Perpetual Inventory System?
What is the Perpetual Inventory System? When reading about what is perpetual inventory system, one can see that it utilises computerised tools to track finished goods inventory and raw materials in real time. By continuously updating inventory records with every purchase, sale, or manufacturing order, it minimises inventory shrinkage, enhances vendor managed inventory, and supports […]
Fill Rate in Supply Chain
What is Fill Rate? Fill rate refers to the percentage of customer orders fulfilled on time without stockouts, helping businesses assess order fulfilment, demand satisfaction, and guide manufacturing and procurement strategies. Understanding the fill rate meaning is essential for evaluating how effectively a business can meet customer demand and manage inventory. High fill rate measures […]
