Costly Excess Inventory Cuts Into Manufacturers Profits Reports Ultriva Demand Driven Supply Chain Leader
Manufacturers and distributors are frequently nervous about running out of stock, and tempted to overstock. Holding excess stock is not a lean practice and highly inefficient. Overstocking tempts employees to make Errors, due to the overage. Start with a decent projection of sales and tracking software to help calculate the rate of product turnover. This helps manage inventory risk and reduce overstocking. Either that, or, use a Bill of Materials that spells out what is required for the project. Forecast...
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