You have too much inventory.
It is both, too much finished goods inventory and raw materials.
There are no inventory turns.
Do not know what they should be.
Do not know the average on hand inventory value.
Do not know what it should be.
Uncertain what level of reduction would be meaningful to you.
You have a lot of obsolete inventory.
Do not know how to notify purchasing on which items will no longer be needed.
Cannot easily identify every BOM or process that uses a specific item.
You are concerned about decreasing margins.
Unsure what kind of trends you are seen.
You have no goals for sales (i.e. 10% increase next year)You have obstacles to increasing sales.
Inventory levels have an impact on this.
There is problems with having the right inventory.
You feel you have to carry excess inventory just to prevent lost sales.
No known percentage of excess inventory.
Cannot estimate dollar volume of lost sales that happen because you can’t deliver the products the customer wants when they want them.
Cash Flow Spreadsheets to Software
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