Why Planning is at the Crux of Success
There is a LOT you can do this week to improve your integrated planning process.
There is a LOT you can do this week to improve your integrated planning process.
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.
Though reducing inventory is generally advisable special situations arise when stocking inventory makes good business sense.
Focus on operational cost reduction strategies to continue growing efficiently while also giving yourself pricing wiggle room.
effective inventory reduction strategies that maintain customer satisfaction, emphasizing skilled personnel and structured processes
How can the Acme Company situation change with inventory velocity?
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.