Top 3 Causes of Poor Inventory Management
No matter why a client first calls, one of the challenges or areas of opportunity for significant gain stems back to inventory management.
No matter why a client first calls, one of the challenges or areas of opportunity for significant gain stems back to inventory management.
Inventory accuracy is often overlooked, but it is vital to to bottom line business results.
You wouldn’t think so from the way companies are hoarding cash; however, in general, they have a stockpile of cash and remain leery to spend it. Last year, there was a 2% decrease in days working capital (DWC), according to CFO Magazine.
It seems very common that people get on the bandwagon of some of these philosophies like JIT, and they give up as opposed to understanding that it's not something trendy to do.