Inventory Accuracy Pitfalls
The most common inventory accuracy pitfalls stem from minor problems but will snowball into bigger headaches if the root causes aren’t caught and resolved.
The most common inventory accuracy pitfalls stem from minor problems but will snowball into bigger headaches if the root causes aren’t caught and resolved.
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.
When it comes to B and C items, seasonal items and other trending patterns, understanding the demand plan isn’t a “nice-to-have”; it is critical to success.
There is a LOT you can do this week to improve your integrated planning process.
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.
Inventory can often be overlooked in its importance because it is such a bedrock topic
Oftentimes we spend countless hours planning a project with details, responsibilities and timelines, only to forget to work the plan. Once a plan is done, refocus your energy to execution.
I cannot tell you how many disagreements I've seen over the years on the optimal planning method.
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.