Executive Briefing Cost Reduction Opportunity: Inventory Optimization

Economic demands place increasing pressure on executive and managers to reduce costs while maintaining high levels of operational safety, reliability, and efficiency. For Work Management and Supply Chain leaders, areas of potential savings lie with:

• optimizing inventory levels while reducing associated carrying costs,
• minimizing or eliminating expediting costs, and
• eliminating losses incurred as parts become obsolete in the warehouse

…while providing the highest level of parts availability.