Achieving the optimum stock holding is critically important for the viability and profitability of any business, but weighing the competing forces of customer demands versus supplier lead times is particularly troublesome for manufacturers.  As the business grows, it becomes gradually more difficult over time to marry the long lead times associated with importing parts, components and materials from the far East to the days or even hours dictated by customers.  And none of this takes account of the time it takes to manufacture!  However with some planning, there are answers.  Try to avoid the short term solution of over-stocking which can literally gobble cash flow.  Some tips:

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At Profitsflow, we specialise in ERP software for Ireland's manufacturing sector.  We have worked with some of the best known names in Ireland, as well as many small, indigenous and export focussed SME's.  

Over the coming months, we have scheduled a series of webinars geared at manufacturing companies looking to start the process of selecting an ERP solution.  These webinars are a great way to familiarise yourself with many of the questions you’ll need to ask during the ERP selection process, without the need to commit the time required of a full scales system demonstration.

Published in Webinars