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Inventory is one of the important elements that have a huge impact on your delivery performance.
Having the right products on stock in the right quantities will improve your delivery performance while reducing your working capital.
In order to achieve this, not only the methods that we apply are important, but also to collaboration with other departments (sales and product design) as customers and suppliers are key elements for success.
Elements that drive your inventory improvement are:
- Planning and forecasting, from customer till supplier
- Product portfolio
- Make/buy to stock or make/buy to order
- Return processes
- Reorder point analysis
- Throughput cycle times
Inventory optimization eventually results in reduced working capital, increased delivery performance and reduced risk of obsolescence.
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