Episode 5
Inventory
In webcast 5 in our 'Cash is King' series we delve into Inventory—a critical yet often overlooked cash killer. Inventory, encompassing raw materials, work in progress, finished goods, and MRO items, is essential for business operations but can strain cash flow if not managed effectively. Key topics include:
- Defining Inventory.
- The Purpose of Inventory.
- Identifying Excess Inventory:
- Criticality Ratings
- Temporary Storage Solutions
- Building to Stock.
- System-Induced Inventory Issues.
- Strategies for Selling Obsolete or Excess Inventory.
- Overview of the MyCD 12-week Programme.
By understanding and managing inventory effectively, businesses can optimize cash flow and operational efficiency. Learn how to identify excess stock, implement better inventory management systems, and turn slow-moving inventory into cash.