2 Quick ways to Save Money

1. If your product market life is long (think Consumer goods business / grocery business / Core / Never out of stock Items in fashion business) then you can save 10% of your costs by implementing a system that replenishes goods based on actual consumption rather than on projected consumption.

2. Review your rules of ordering – such as the timing of order placement, the acceptance or refusal of back orders, order quantities and lot sizes, and cancellation rights and penalties. These can have an enormous impact on the total system inventory when, for example, there is a holiday demand surge.

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