Inventory management can be a headache to navigate for many companies. Controlling excess inventory is a straightforward idea you can work on to save space, cost, and waste. Have you ever guessed wrong and stocked up on one material, only to have customers order a different material for the next month? Or have you had inventory become obsolete before you can get rid of it? That’s cash down the drain! Researching ways to tighten up inventory flow could potentially be the first piece in a domino effect of gaining smoother, more efficient business practices.
Here we talk to Matt, a general manager over hardwoods manufacturing for a large custom cabinet shop. This company has good control over their inventory flow and keeps lead times down with the system they have in place.
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