Metrics that Matter: Inventory Effectiveness
JUNE 25, 2019
The effective use of a manufacturer’s inventory investment is an important determinant of the company’s success. Managing inventory effectively is a delicate balancing act, affected by lead times, supply chain efficiency , demand variability, product complexity, product life cycles, warehouse space and practices, among other variables. Using Metrics to Measure the Health of the Business. The absolute measure is less informative than the trend in the metrics.