Cash is king in today's business environment. Supply chain offers vast opportunity in accelerating cash flow. Put the two together, and you can be one of the few companies to leapfrog the competition in the new normal.
Businesses continue to cut back as the economy continues to worsen - seemingly every day. Cutting costs in a reasonable and smart manner is required; however, cost cutting alone rarely achieves success.
Businesses should always look for ways to increase cash flow.
Achieve accurate physical inventory counts through thorough preparation, halting movements, clear communication, and progress tracking.
effective inventory reduction strategies that maintain customer satisfaction, emphasizing skilled personnel and structured processes
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?
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.
