Inventory that shows to be on-hand in the company’s accounting system, but in reality are not available, is categorized as phantom inventory.
Read my new post to know more about the missing goods in your inventory!
Understand how to Inventory Management and Control can improve your companies' Bottom Line
Read more: https://www.nextlevelpurchasing.com/procurement-training/courses/inventory-management-and-control
Warehouse cost is the cost associated with the management of the space (storage), the manpower involved in handling the material and the operations performed in the warehouse. Warehouse cost saving includes saving in time, labour, assets and ultimately in money.
Understand how to Inventory Management and Control can improve your companies' Bottom Line
Read more: https://www.nextlevelpurchasing.com/procurement-training/courses/inventory-management-and-control
Warehouse cost is the cost associated with the management of the space (storage), the manpower involved in handling the material and the operations performed in the warehouse. Warehouse cost saving includes saving in time, labour, assets and ultimately in money.
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BREXIT_The Reasons & Impacts
Brexit is an abbreviation of "British exit". In 23 June 2016 Britain came out from European Union (EU) by the Vote of Britain’s people.
After Having 43 years of membership this great country makes this big decision. In 1973 United Kingdom got the membership in EU to expand the business among 28 members and share a common economical system.
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BREXIT (Britain Exit) The Reasons & ImpactsSlide Gen
BREXIT_The Reasons & Impacts
Brexit is an abbreviation of "British exit". In 23 June 2016 Britain came out from European Union (EU) by the Vote of Britain’s people.
After Having 43 years of membership this great country makes this big decision. In 1973 United Kingdom got the membership in EU to expand the business among 28 members and share a common economical system.
The British have shocked the financial, political and business establishments of the world by voting to leave (52%) the European Union in the referendum of 23 June 2016.
Companies that optimize their inventory reduce inventory items and stock levels, avoid associated carrying costs and obsolescence write-downs. Want to know the best practices to optimize your inventory, check the presentation-
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Kattareeya Prompreing
白雅欣
iD:DA61G209
(Student in Ph.D. Business and Management, College Business, STUST
email:da61g209@stust.edu.tw
: katt.rmutl@gmail.com
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For more details visit https://www.threadsol.com/solutions#intello3c
Intello3c Brochure - World's First AI Based Cosing Excellence Platform for Ap...ThreadSol
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intello3C enables apparel brands in reducing their sourcing costs by 3-5% and merchandisers' time by 30%.
For more details visit https://www.threadsol.com/solutions#intello3c
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Johnny Depp, synonymous with eclectic roles and unparalleled acting prowess. has also been a significant figure in fashion and style. Johnny Depp long hair is a distinctive trademark among the various elements that define his unique persona. This article delves into the evolution, impact. and cultural significance of Johnny Depp long hair. exploring how it has contributed to his iconic status.
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Introduction
Johnny Depp is an actor known for his chameleon-like ability to transform into a wide range of characters. from the eccentric Captain Jack Sparrow in "Pirates of the Caribbean" to the introspective Edward Scissorhands. His long hair is one constant throughout his evolving roles and public appearances. Johnny Depp long hair is not a style choice but a significant aspect of his identity. contributing to his allure and mystique. This article explores the journey and significance of Johnny Depp long hair. highlighting how it has become integral to his brand.
The Early Years: A Budding Star with Signature Locks
1980s: The Rise of a Young Heartthrob
Johnny Depp's journey in Hollywood began in the 1980s. with his breakout role in the television series "21 Jump Street." During this time, his hair was short, but it was already clear that Depp had a penchant for unique and edgy styles. By the decade's end, Depp started experimenting with longer hair. setting the stage for a lifelong signature.
1990s: From Heartthrob to Icon
The 1990s were transformative for Johnny Depp his career and personal style. Films like "Edward Scissorhands" (1990) and "Benny & Joon" (1993) saw Depp sporting various hair lengths and styles. But, his long, unkempt hair in "What's Eating Gilbert Grape" (1993) began to draw significant attention. This period marked the beginning of Johnny Depp long hair. which became a defining feature of his image.
The Iconic Roles: Hair as a Character Element
Edward Scissorhands (1990)
In "Edward Scissorhands," Johnny Depp's character had a wild and mane that complemented his ethereal and misunderstood persona. This role showcased how long hair Johnny Depp could enhance a character's depth and mystery.
Captain Jack Sparrow: The Pirate with Flowing Locks
One of Johnny Depp's iconic roles is Captain Jack Sparrow from the "Pirates of the Caribbean" series. Sparrow's long, dreadlocked hair symbolised his rebellious and unpredictable nature. The character's look, complete with beads and trinkets woven into his hair. was a collaboration between Depp and the film's costume designers. This style became iconic and influenced fashion trends and Halloween costumes worldwide.
Other Memorable Characters
Depp's long hair has also been featured in other roles, such as Ichabod Crane in "Sleepy Hollow" (1999). and Roux in "Chocolat" (2000). In these films, his hair added a layer of authenticity and depth to his characters. proving that Johnny Depp with long hair is more than a style—it's a storytelling tool.
Off-Screen Influenc
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30 Manipulation Techniques to be a smart person in society (1).pdf
Phantom Inventory
1.
2. CONCEPT
• Inventory that shows to be on-hand in the company’s accounting system,
but in reality are not available, is categorized as phantom inventory.
• This can occur due to a variety of reasons like items being moved without
appropriate changes recorded in the system, breakage, theft, deliberate
fraud or data entry errors.
• Phantom inventory results in a discrepancy between the actual physical
inventory and the inventory records, thus resulting in out-of-stock
incidents.
3. • Phantom Inventory, if left unnoticed and not addressed timely, it can lead
to bigger issues like accounting restatements and adjustments.
• There are certain solutions and technologies that can help companies with
inventory accuracy, like frequent physical inventory cycle counts, RFID
technology, statistical modelling, etc.
CONCEPT
4. Spotting Phantom Inventory
• Look for instances where the company is trying to obtain finances based on
its inventory, as they might get tempted to inflate their inventory balance.
• Look for instances of inventory theft.
• Look of overstated or understated ending inventory.
5. • Look for stagnant inventory balances in financial statements over
several consecutive financial years, and inventory levels raising more
than the sales figures
• Look for unusual outcomes or trends in the inventory related financial
ratios calculated.
• Look for incorrect or falsified purchase orders, bogus reporting, inflated
inventory, etc.
Spotting Phantom Inventory
6. Effect on Manufacturing & Retail
• Phantom inventory instances due to information inaccuracy hamper the
system’s ability to perform, leading to stock-outs, loss of sales and customers,
and eventually monumental revenue losses.
• System’s performance sensitivity to inventory information accuracy becomes
much more heightened in manufacturing facilities and retail outlets following
lean systems.
• With every 1% increase in product visibility, the sales can go up by 0.5%.
Hence, the occurrence of phantom inventory instances can cause humongous
potential sales losses.
7. • Phantom inventory leads to no sales of a particular item from the retail
shelves, which might lead to the delisting of the item, which might be
in demand.
• If the system studies availability from the records for new orders,
phantom inventory will show the product available in inventory data,
even when not on shelves, leading to no further orders for it, yet again
resulting in lost sales.
• International industry average out of stock level is around 8%, but in India,
it is an alarming 25-30%.
Effect on Manufacturing & Retail
• Vigilant staff and accurate information recording can help you
timely identify and correct the errors, and thus improve your
sales many folds.