Inventory Optimization with Andrew Jordan
Inventory management program is intrinsic in every organization. Although the structure varies from one organization to another, however, it typically includes setting the limits for every asset, capital investment and stock, as well as setting the lead time for stock purchases. Some organizations focus on optimizing their inventory based on reducing the capital investment. Others take availability of the assets into consideration. If you think about it, the latter strategy is much more effective if implemented successfully. It not only ensures the availability of assets when needed but also reduces unnecessary maintenance cost. Thus, resulting in capital optimization along with increased ROI.
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