Originally published in Netstock, July 2022.
How much capital do you have invested in the wrong products?
As customer demand slows down and suppliers remain unreliable, making the right decisions on what products to forecast or manufacture today can impact your profit margins and leave you with rising operating costs.
If you’re feeling the squeeze, tune into our panel of supply chain experts, including Lisa Anderson of LMA Consulting and Seth Ellertson of Net at Work, as they share practical insights on how your business can quickly unlock operating capital and fuel growth.
They discussed key tips on how to:
- Classify your inventory and reduce inventory holding costs
- Measure supplier performance and manage lead times
- Run a healthy S&OP process and align supply with demand
- Review your tools to minimize risk and improve demand planning