Managing Inventory for Optimal Advantage: 10 Common Inventory Mistakes and How to Correct Them

If your company is “fighting fires” daily to meet customer demand, then you’re already losing customers and missing new sales. Today, business is conducted in real time, which requires flexibility and responsiveness. It’s these two attributes—along with reduced costs—that are the most beneficial in managing for optimal inventory levels. Find out how you can better plan and manage your inventory for long-term survival.

Featured Software Research:

Must-have ERP Features for the Automotive Industry

This paper summarizes the benefits an enterprise resource planning (ERP) solution provides to the entire manufacturing process, "from shop floor to top floor." Included are key features in a software as a service (SaaS) solution to help an auto manufacturer optimize performance throughout the enterprise. Read More

Selecting ERP for Oil and Gas Industry Contractors and Vendors

  • Source: IFS
  • Written By:
  • Published:
Suppliers to the oil and gas industry are under more pressure than ever before to increase quality, collaborate closely with the customer, and take on more project risk. Learn how enterprise resource planning (ERP) helps engineers procure construction companies, equipment fabricators, and service providers to meet the new demands from oil and gas companies. Download this white paper to learn more. Read More

You may also be interested in these related documents:

Taking Control: Improved Inventory Visibility Leads to Lean Success

While inventory reduction is a worthy goal for manufacturers, with less “cushion” mistakes and surprises can be costly. When looking at inventory levels and how to reduce them, it is important to understand the role that inventory plays in the dynamics of plant operations. This paper focuses on inventory inside the plant—from receipt of parts and materials to shipment of finished products—to help you safely reduce your inventory. Read More

Six Keys to Exceeding Expectations with Inventory Optimization Initiatives

Inventory optimization is a proven vehicle to gain competitive value through reduced inventory, freed-up working capital, and improved service levels. But leading the inventory innovation initiative in your organization requires more than an understanding of its enormous cost savings and customer service improvements. Discover the six most common factors that can make or break your inventory optimization projects. Read More

The Top Nine Inventory Management Mistakes: Worst Practices and How to Turn Them Around

Every distributor and manufacturer can find ways to optimize processes. But there are key challenges to infusing efficiency and profitability into your established inventory management practices. Learn about common challenges and roadblocks to converting inventory from cost to competitive advantage—and learn from the nine “worst practices” that can help you benchmark your current inventory management strategy. Read More
 
comments powered by Disqus