Are you aware that every year that inventory sits on your shelf, your company is spending 20%-40% to keep it there? Think about it, if you have 10 million Rupiahs in inventory, you are spending 2 million - 4 million Rupiahs, part of which could be freed up and put into better use.
On the other hand, the old JIT (Just-In-Time) philosophy of “zero inventory” (the literal interpretation) can have a negative impact on your service levels, especially when faced with risks such as delayed shipments.
Therefore, what we want to achieve is a level of inventory that is just right, not too much, nor too little.
Salvo Global’s 2-day intensive Masterclass on “Inventory Planning & Control” will explore the best practices in Inventory Management leading to good Production Planning and Control gleaned from the presenter’s 20 years of experience working with 270 corporations in the United States, Southeast Asia, the Middle East, Africa and Eastern Europe.