Incorrect Inventory Mix Costly According to Technology Group International
Distributors of items with long lead times of 30 days or more, face a limited number of options to remedy a mix issue. The best course of action is to alter buying habits. This is a multi-step process which includes three tasks. First, create a continuous flow of product from a supplier in which you “re-order” frequently (weekly). This represents the replenishment cycle time for the item, which is less than the product lead time. Second, reduce inventory levels to...
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