Complex Production Processes Affect Inventory Shrinkage and Manufacturer Profitability
Forecast Errors newsletter reported that IMPO magazine reported, employee theft is not the only potential problem manufacturers face. Complex production processes and the sheer volume of products and materials in the warehouse can make it hard to get a handle on inventory. That can result inventory shrinkage, where the actual number of items on shelves is lower than the number of recorded items. In the manufacturing world, shrinkage can also refer to the loss of raw materials, such as metal...
View full press release