Does Your Organization Include a Lean, Mean Inventory Reduction Machine?
Anthony A. Noe, C.P.M., A.P.P., CIRM
Anthony A. Noe, C.P.M., A.P.P., CIRM, Chair, ISM Materials Management Group
88th Annual International Conference Proceedings - 2003 - Nashville, TN
As more companies recognize the critical role that Supply Management plays in the success of the enterprise, more is expected. Gone are the days of just holding costs steady and carrying a high inventory to avoid problems being an acceptable strategy for the organization. Today annual decreases in double digit are expected along with inventory turns at or above 12 minimum, with turns in the 20’s becoming more common. How do you do that? Let's focus on Inventory for this discussion. Does your supply management plan include a lean, mean inventory-minimizing system?