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Inventory Management Best Practices for Chemical Distributors
Technology18 days ago
Source: Inventory Management Best Practices for Chemical Distributors
Effective inventory management is essential for chemical distributors to navigate challenges related to hazardous materials, regulatory compliance, and financial risks. Implementing a robust Inventory Management System (IMS) with barcode and RFID technology ensures real-time tracking, accuracy, and integration with ERP systems. Accurate demand forecasting, cycle counting, and FIFO methods optimize inventory control, while regulatory adherence to GHS and environmental laws maintains safety.
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