Learn simple strategies for inventory management.
Inventory is a major investment for most companies and lower inventory is often an important management objective. However, simply lowering inventory without a plan is likely to increase the incidence of shortages, disappointing customers and losing business.
This paper will present four seemingly simple – but proven – strategies for smarter inventory control:
- Maintain accurate inventory records
- Proactive planning to avoid shortages and overstock situations
- Focus on improvement to get incrementally better over time
- Reduce lead times and lot sizes by reducing the “fixed” ordering cost
To learn more about how inventory control can improve your business, download this free whitepaper.