You're juggling high inventory costs and production delays. How do you find the perfect balance?
Striking the right balance between inventory costs and production delays can be tricky in manufacturing. You need to streamline processes to keep costs low without sacrificing production timelines. Here's how you can achieve this balance:
What strategies have you found effective in balancing inventory costs and production delays?
You're juggling high inventory costs and production delays. How do you find the perfect balance?
Striking the right balance between inventory costs and production delays can be tricky in manufacturing. You need to streamline processes to keep costs low without sacrificing production timelines. Here's how you can achieve this balance:
What strategies have you found effective in balancing inventory costs and production delays?
-
Balancing high inventory costs and production delays requires intentional planning. Optimize reorder points, implement lean principles, and enhance supplier collaboration to minimize waste while ensuring on-time production. Small, strategic adjustments can have a big impact on efficiency and cost control. "Manufacturing success isn’t about choosing between speed or cost - it’s about engineering a system where both work in sync." Wishing you a productive, efficient, and rewarding Sunday! - Chris Clevenger
-
Something that I have seen missing and not synchronized is Annual Sales Budget with Production and Inventory and obviously its weekly tracking, something essential to help minimize these two situations. Also marketing and sales promotions campaigns launch and their effects. But You must start with your annual sales plan taken to the production floor.
-
WHY ARE THEY ASKING QUESTIONS YO US WHEN THE BUSINESS MEN OPERATING THEIR BUSINESS AND PUTTING UP THEIR MONEY ARE GOING TO TAKE OUR ADVISE ??? This is not what it was started for
-
Improve your process lead time by investing in equipment/ process optimization/automation. Strategic kaizen/Lean Six Sigma teams with clear stakeholders that can make a quick impact to the bottom line. Less lead time reduces the need for inventory. Lead time is the giant sucking sound of capital. Reduce product delivery time= reduce inventory needs.