OVERVIEW

Smart Inventory Solutions is the result of the authors time spent working with clients and studying the issues people face in trying to achieve their inventory reduction. This landmark manual shows you the seven Actions for Inventory Reduction so you can easily, efficiently and sustainably achieve your inventory reduction, free up cash, and reduce your costs without risk and impact on your capability. Additionally, it shows you the authors self-developed Inventory cash release process to follow, the mistakes to avoid and a sure fire approach that minimizes your workload. In fact you’ll learn how to generate better results for these types of inventory.

FEATURES:

Shows you how to eliminate 100% excess of inventory and reduce inventory related working capital by up to 40%.
Illustrates how to reduce your ongoing inventory management costs.
Helps you develop the skills of your team to enable ongoing inventory management and independence.
Provides 20 exclusive case studies and real life examples.
Can be applied to all bought in inventories such as parts and components, finished goods, OEM spares, MRO inventory, engineering spares, and industrial supplies.
Includes a data collection guide.

CONTENTS

An Introduction to the Inventory Cash ReleaseTM Process
Why Less Is More
5 Myths of Inventory Reduction
The Issues That Drive Excess Inventory
Maximum Results, Minimum Effort
7 Actions For Inventory Reduction
Managing Non Pareto and New Inventory
Your Opportunities and Next Actions
Appendix A: Inventory Reduction Glossary
Appendix B: Data Collection Guide