Are you on top of inventory?

Weber, Rick
May 2008
Trailer / Body Builders;May2008, Vol. 49 Issue 7, p59
Trade Publication
The article focuses on the importance of inventory control to company. It emphasizes the impact of inventory on holding costs, obsolescence and missed sales. Dale Billet, director of performance-improvement consulting for RSM McGladrey, stressed the need for inventory turnover segregation in companies where inventories are examined by classification in raw materials (RAW), work in process (WIP) and finished goods (FG). He recommended several key tasks for inventory improvement such as identifying company strategies and review of forecasting processes.


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