As demand shifts in a constantly changing economy, it’s important to effectively manage one of the highest asset values on your books – inventory. One of the largest problems that manufacturers encounter is the absence of inventory control.
Reduce Waste from Inventory with NJMEP’s Assistance
When inventory is not being controlled, it becomes a formula of waste, which threatens the productivity and raises the costs of producing products. This additionally incurs more time and energy, and may damage the environment more than it has to. All types and forms of waste should be minimized at all costs and is especially important when it comes to inventory control.
NJMEP and its inventory structure experts will aid you in managing and understanding the basic concepts of inventory:
- Significance of sound practices
- Useful management techniques
- How to minimize safety stock, eliminate shortages and reduce expediting.