Inventory Policy: Focus on your core and trim the fat

For many out there this is the ‘January’ of the working world. A new financial year, new plans, strategies, hopes and dreams…. 

 

My Supply Chain Resolutions are as important now as ever. In this blog, I’m going to look deeper into my second Supply Chain resolution “Focus on Your Core and Trim the Fat”. It’s all about inventory policy and Core product identification.

Getting this right will improve a whole host of things throughout your entire supply chain; warehousing and logistics costs, procurement saving opportunities, write down savings and availability improvements, ultimately leading to increased sales revenue and a healthier bottom line.

Supply Chain Resolutions - Know your worth

Previously, I shared my 5 top Supply Chain resolutions, and since then I’ve had a couple of people ask me to explain more around how they can implement these changes. Well… ask and you shall receive (as I’m sure any reverand will agree).

 

So, I thought I’d start at the beginning with my first resolution: KNOW YOUR WORTH.