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:
1. Defining Inventory
2. The Purpose of Inventory
3. Identifying Excess Inventory
- Criticality Ratings
- Temporary Storage Solutions
4. Building to Stock
5. System-Induced Inventory Issues
6. Strategies for Selling Obsolete or Excess Inventory
7. Overview of the MyCD 12-week Programme
By understanding and managing inventory, businesses can optimize cash flow and operational efficiency.