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.
Most likely you are doing a task because you want to serve a customer as almost everything we do at work can be traced back to serving customers; no matter the task.
Empowering people to make the right decisions in your organization can be the key to getting the right results in a variety of business cases including inventory management.
"Amazon is changing the business landscape" explains Lisa Anderson, president of LMA Consulting Group, Inc., which consults large corporations on supply chain management. "Unlimited variety is assumed, same-day service is the norm, and 24/7 accessibility with easy returns and exchanges is expected".
The supply chain has a dramatic impact on several areas of the company – the ability to grow and “keep customers promises”, profitability, cash flow, and customer service.