Improving Cash Flow by Increasing Inventory Turns on Core Product Line
Challenge
A leader in aerospace metals distribution sought to reduce inventory levels to free up cash flow and reduce debt levels.
Result
- Achieved almost double the inventory turns on the core product line while maintaining high fill rates and on-time deliveries
- Reduced inventory obsolescence
What We Did
Worked with leadership to identify and evaluate the inventory management personnel, processes and systems and then developed and implemented action plans to impact results.
- Elevated the focus of inventory management throughout the organization
- Placed the right people in the right roles to balance competing needs to optimize inventory levels
- Developed a Sales & Operations planning process to direct & facilitate the process
- Implemented a daily process discipline and focus on execution of inventory management fundamentals, tracked through a metrics scorecard
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