|
Hot Management Tips ...
Cost Cutting ...
Inventory reduction can save up to 10% in interest costs and an equal amount on insurance, storage costs and deterioration of goods etc. But it will need top level planning to make it work.
Purchasing will resist because of lower discounts.
Production will object to parts reductions that increase machine changeover time.
Marketing will want goods on hand for anticipated orders.
Only an integrated program, with a single manager in charge, will succeed.
|