With oil prices reaching new lows, and other energy costs declining as well, you may think that energy conservation is no longer worthwhile. Think again. . .
Dropping inventory below the optimum amount causes shortages, whereas holding more inventory than necessary will result in waste. The main reason for keeping inventory is to save time, so lowering it will adversely affect the condition that the inventory is there to manage. You should go back to why you made those decisions in the first place.
It is generally accepted that inventory records should be at least 95-to-98 percent accurate in order to enable successful enterprise resources planning and provide good customer service. But your information system and the plans, recommendations, and alerts it gives you are only as good as your data. While many companies are able to achieve and maintain inventory accuracy, many more continue to struggle.
The Granite State Chapter of APICS will be offering the upcoming 3D printing presentation at the Pease Tradeport in Portsmouth, NH on April 21, 2015. This session is open to everyone. Please contact Ann Yenchick at email@example.com to reserve your … Continued