Inventory Management Remains Core to Success
Inventory management may be a less exciting supply chain topic but it is the linchpin in a manufacturing or distribution business.
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.
As customers continue to demand shorter lead times, it becomes imperative for manufacturers and distributors to become more responsive and improve order fulfillment cycle time
By collaborating, we create a win-win-win. The customer has what he needs when he needs it without having to go out of his way and deviate from his typical process. The supplier has information in advance about an upcoming event and so can modify plans as appropriate to better serve his customer at the lowest inventory levels and maximum efficiency levels.
Accurate systems transactions improve inventory accuracy, customer service, and operational efficiency in business
Vendor Managed Inventory (VMI) offers companies a chance to partner with customers to better manage inventory and costs. Once the partnership proves fruitful, expanded business opportunities occur.
Although evaluating your supply chain readiness is paramount to support growth, there is no reason to wait for your customers to request an audit.
Though reducing inventory is generally advisable special situations arise when stocking inventory makes good business sense.
Inventory accuracy depends on so many moving parts. But a top-to-bottom understanding of the process combined with speedy adjustment responses would dramatically improve accuracy, thus, boosting business results.
Businesses with growth ambitions have to gauge the current capacity of every facet of their facility to plan future productivity