Businesses continue to cut back as the economy continues to worsen - seemingly every day. Cutting costs in a reasonable and smart manner is required; however, cost cutting alone rarely achieves success.
Businesses should always look for ways to increase cash flow.
Achieve accurate physical inventory counts through thorough preparation, halting movements, clear communication, and progress tracking.
effective inventory reduction strategies that maintain customer satisfaction, emphasizing skilled personnel and structured processes
How can the Acme Company situation change with inventory velocity?
With all the competing demands within a supply chain organization, a $1 Million Dollar Planner is the person that can see the bigger picture and communicate just how the company’s objectives can be achieved.
The main goal of cycle counting is to cycle through your inventory to ensure inventory accuracy on a consistent basis.
Manufacturers can no longer count on customer loyalty, but they can expect customers continued demands for quality products and service.
In my experience in working with clients across multiple industries, geographies and sizes, I have no doubt that effective inventory management is far from a no-brainer, yet implementing a few secrets to success can yield dramatic bottom line results.
Inventory accuracy is often overlooked, but it is vital to to bottom line business results.
