Lisa Anderson to Share Inventory Accuracy Success Strategies at American Society of Quality
Lisa Anderson discusses the importance of inventory accuracy for manufacturers & distributors to optimize profit & customer satisfaction.
Lisa Anderson discusses the importance of inventory accuracy for manufacturers & distributors to optimize profit & customer satisfaction.
Are you keeping close tabs on your inventory management practices? Improving just one aspect of your inventory can lead to improved service, margins and cash flow.
There is a LOT you can do this week to improve your integrated planning process.
Inventory management may be a less exciting supply chain topic but it is the linchpin in a manufacturing or distribution business.
You can’t expect manufacturing or distribution success without securing base fundamentals such as inventory management.
Though reducing inventory is generally advisable special situations arise when stocking inventory makes good business sense.
Focus on operational cost reduction strategies to continue growing efficiently while also giving yourself pricing wiggle room.
By implementing a SIOP process you’ll be in a better position to leverage your resources for a speedier inventory velocity. Inventory velocity not only accelerates cash flow but it also can contribute to margin improvement. How do we turn inventory faster and keep our money in motion vs. stagnating in the back of our warehouse?
Of all the overlapping metrics available to executives the best ones enhance SIOP (Sales Inventory Operations Planning), also known as S&OP, and offer the most vital information for running a business.
effective inventory reduction strategies that maintain customer satisfaction, emphasizing skilled personnel and structured processes