inventory costs
inventory costs
Andrew Seay provides an article that identifies five ways your inventory costs are hurting your bottom line. For its status as the arch-enemy of “lean manufacturing,” excess inventory can actually feel pretty good in a company: It prevents lost sales due to stock-outs. It provides peace of mind when a critical piece of equipment breaks. Ordering in bulk often reduces piece price, providing a benefit to cost-of-goods-sold (COGS). If anything, inventory can often feel like it’s saving a company money….
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