Displaying items by tag: materials resource planning

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:

Published in blog