Inventory Management

This is an easy question to answer, but many companies answer it incorrectly. Often, the forecast could be more effective. In some instances, the forecast even impedes a company’s efforts to manage their inventory better.

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If yours is one of the many companies that purchases the forecast each month, I would bet that you have too much inventory and customer service issues. This is a common practice that highlights the lack of focus and understanding of Operations that many companies have.

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