Day: February 4, 2013

Driving Business Performance through Improved Inventory Management – In a Down Economy

In this economy, businesses are looking for new ways to improve efficiencies and save money over the long haul.  For many businesses, inventory management (particularly spare parts inventory) is one of the last bastions of opportunity. Dan Floen, President, Professional Materials Management (PM2) www.pm2online.com In these tough economic times, the pressure on businesses has never been …

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Determining the Total Cost of Inventory Management

 This week’s blog will continue our discussion of determining total cost of inventory management. Previously we identified three key cost factors to measure prior to the launch of any significant Inventory management strategy. To refresh your memory, they are: Inventory Cost Process Cost Procurement Cost This week we will look more closely at procurement costs. …

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