If you have had enough with slow inventory turns choking cash flow, here are three steps you can take today to get the inventory turning:
- Identify inventory with <2 turns
Who bought it last? Great reason to initiate a sales call!
- Identify your SLOB (SLow moving & OBsolete) inventory
How long has it been on the books? >5 years? Sell it for scrap.
- Parts with >6 months’ supply
Is it a catalog part? Return to the vendor for credit.
If inventory turns and cash flow are on your radar screen, I have a Rapid Discovery processes you may be interested in
I’d love to chat when it’s convenient. Please send me a note at firstname.lastname@example.org to set up your free call. Alternatively, my calendar is available online. Please schedule your call here > https://calendly.com/mryangroup
All the best,