Overwhelmed With Inventory Management
and Need A Proven Solution?

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