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When money is tight, holding on to finished goods inventory can hurt
Which part of your inventory pipeline is slow moving?
In these days of tight money, holding on to inventory hurts. As a manufacturer, you want to produce and ship what is selling and your distributors/ stockists want to stock what is in demand and is available to be shipped. Your key financial win is in marrying these two objectives.
Your manufacturing and logistics:
- Are you able to get a visibility of daily stock position across all your stocking points in your inventory pipeline?
- Are you still receiving orders by mail, email, fax and phone and struggling to reconcile and consolidate your inventory position?
- Are you able to present a clear picture of itemwise demand to your factory?
- Are your sales forecasts and manufacturing forecasts in synch?
Your dealers and stockists:
- Are your dealers/ stockists able to see your stock position before ordering- to be assured of supply?
- Can they factor in their projected sales in calculating how much to order?
- Do theyget a snapshot picture of
- Stock in hand
- Orders on factory ( Pending acceptance/ Pending shipment/ Shipped but in transit)