Effective inventory management is crucial for any manufacturing operation looking to scale. This blog post will delve into strategies for optimizing inventory turnover and achieving cost savings. It will cover the importance of accurate data on bills of materials, routings, and vendor lead times, and how this data can be used to reduce excess inventory and improve cash flow. The post will also highlight the benefits of regular inventory snapshots and quick filtering techniques to keep track of inventory levels, identify inefficiencies, and make necessary adjustments in real-time.
