Tips for decreasing inventory levels without affecting your customers!
effective inventory reduction strategies that maintain customer satisfaction, emphasizing skilled personnel and structured processes
effective inventory reduction strategies that maintain customer satisfaction, emphasizing skilled personnel and structured processes
These techniques epitomize "profit through people" - through your customer relationships.
Before talking about the keys to achieving VMI (vendor managed inventory) success, the question is: what is VMI? VMI is a process where the supplier places purchase orders for their customers to agreed-upon metrics.
How can the Acme Company situation change with inventory velocity?
Once the people elements are in place, processes compliment them. Implementing processes boils down to planning, executing, auditing and standardizing. Again, the key to success ties back to people.
The multifaceted task of implementing a successful ERP system starts with selecting the “right” system and having a cohesive, adaptable strategy.
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.
There is no downside in prioritizing additional time to forecasting - at the minimum; you'll have a better understanding of your customer's needs.
Today's international business climate is becoming more and more competitive and tough to stand out in the crowd.