The Importance of a Shared Understanding of Data, Consistent Definitions and Data Credibility in Successfully Establishing a Data-driven Culture
Every company that carries inventory wants to have enough to be able to fill customers’ orders but have a minimum amount of cash tied up on the shelf. Unfortunately, one half of that statement wants you to stock more items and the other half wants you to stock less items. You need… just the right amount.
How to Reduce Excess and Obsolete Inventory
You purchased high levels of inventory to cover long lead times of overseas shipments and to leverage quantity discounts… and then it happened.