1. Clear out inventory garbage – Process your inventory correctly, consistently, with no exceptions
2. Regulate your inventory counts – Perform physical inventory, cycle counts on a regular basis and produce accurate numbers3. Evaluate unused inventory – Evaluate obsolete, low turnover inventory regularly, not yearly
4. Know your business’ trends – Keep inventory labeled to control it between physical inventories
5. Research your vendor’s competition – Pick up those annoying sales calls occasionally so you know what else is out there
6. Automate as much as possible – You have inventory issues if job costing becomes a full-time job
7. Record your inventory flow – As consumed or shipped, it needs to be recorded
8. Listen to your business with ERP – Manufacturers using ERP correctly are faster, smarter, and more profitable
9. Correct employee mistakes immediately – Address inventory mistakes early to reduce risk of losing money, inventory, and production
10. Always ask questions – Don’t guess how to do it, reach out to customer service for the best success
Learn more from Global Shop Solutions’ https://www.globalshopsolutions.com.


Explore the August 2021 Issue
Check out more from this issue and find your next story to read.
Latest from Today's Medical Developments
- Happy Independence Day - July 4th
- ROLLON celebrates 50 years and future growth with opening of new Michigan facility
- Explore the future of CT scanning with Nikon's Limited Angle CT innovation
- Eagle Machine, part of the YCM Alliance, announces Demo Days August 20-21
- Unlocking the power of direct torque control in cobots
- Shopfloor Connectivity Roundtable with Renishaw & SMW Autoblok
- Tekniplex Healthcare opens state-of-the-art facility in Madison
- Maximize efficiency with FAULHABER's latest motor technology