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Item Numbers—The Bedrock of the QAD System

Introduction to QAD–Item Numbers Item numbers are the bedrock of the QAD system. In general terminology, the item number is the identification number assigned to an item. Also called a part number, SKU number, or SKU (Stock Keeping Unit), an item number can represent a service as well as a physical item. It is good practice […]

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Safety Stock—Your Guard Against Uncertainty

The Safety Stock Calculation Formula by Don Lindsey Determining the most efficient inventory levels is one of the most important components of your company’s operations. Safety stock describes a level of extra inventory that your company maintains to mitigate the risk of stockouts or shortfalls in the raw materials due to uncertainties in the supply […]

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