D2.1 Inventory Management Efficiency

How to Improve Inventory Management Efficiency

For all manufacturing businesses, and many service businesses, inventory has a major impact on profit and cash flow.  How is your inventory management? Are you struggling to keep your inventory under control? You are a service industry, inventory still applies. Look at stationery as one example. Do you have a problem with cashflow? Struggling to pay bills when they are due? Do you have a purchasing system in place? Have you answered yes to any of these? It’s time for inventory management. Learn how to improve your inventory with 12Faces. Look at the articles within this catalogue and optimise your inventory. See your profit grow and your stress levels decrease when you have the money to pay your bills. Contact 12Faces now if you would like help with this: [email protected]

Importance of Small Batches Tool

There are merits to reducing the size of the batches you manufacture and/or hold in stock at any point in time.  This might sound counter-intuitive because of the oft-quoted 'economies of scale' and the time cost of pulling down tool set-ups and changing them to manufacture another project.  But,...

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Cost of Over and Under Stocking

In a manufacturing or retail environment, having too much inventory of products your customers don't want and/or too little inventory on hand of what products your customers do want will cost you money and, consequently, profit.  Many service businesses also have inventory even if it is items like stationary...

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