Hyperlocal Sourcing & Inventory Optimization: Reducing Operational Overheads
Hyperlocal Sourcing & Inventory Optimization: Reducing Operational Overheads Operational overhead rises when supply chains compensate for uncertainty with extra stock, long lead times, premium freight, emergency buying, warehouse congestion, and working capital locked in slow moving inventory. Hyperlocal sourcing and inventory optimization can be strong cost saving strategies, but only when local supply decisions, service […]
Inventory Optimization: Balancing Cost Efficiency and Supply Chain Agility
Inventory Optimization: Balancing Cost Efficiency and Supply Chain Agility Inventory often looks like an operations issue until finance sees how much cash is trapped in excess stock, obsolete materials, emergency purchasing, storage cost, write offs, and lost service revenue. Inventory optimization is a cost saving strategy only when it balances working capital release with supply […]