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Ten Common Inventory Mistakes and How to Avoid Them

If you struggle daily to meet customer demand, you’re losing customers and new sales

Demand Solutions
Tue, 01/10/2012 - 13:10
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Body

Any company that attempts to reduce inventory and its associated costs brings its own unique advantages and challenges to the battle. Managing for optimal inventory levels is a critical objective that requires diligent attention and daily action to maintain the hard-fought advantage. The results, however, measured through improved customer service, increased sales, reduced costs, and ultimately, more profitability, are worth the effort.

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For more than 24 years, Demand Solutions has helped thousands of customers manage for optimal inventory levels. During that time, the company has encountered frequent misconceptions about inventory planning based on outdated practices, short-sighted thinking, or simply inexperience. This article identifies the 10 most common mistakes and lists their “symptoms” to make each error easier to diagnose. The symptoms are followed by practical solutions to help companies solve these problems to begin reducing inventory-associated costs and their performance-sapping consequences.

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Comments

Submitted by rbabich on Mon, 07/10/2017 - 09:16

Improving On Demand Inventory

Good points.  We are seeing new methods to improve inventory management with integartion to SAP and Oracle with http://www.simple-button.com/    Push button JIT inventory to reduce inventory cost and expedite inventory requests. 

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