When excess inventory is sitting in a warehouse tying up working capital, leadership is left to react to the problem instead of proactively mitigating it. More often than not, organizations turn to their supply chain function to reduce inventory and answer for the sins of others. Inventory, one of the largest components of working capital, often represents a huge cash outlay. The critical task, that is often overlooked is monitoring and optimizing inventory. To truly address the root cause of inventory creep, organizations need to work with other functional groups (marketing, sales, finance) not traditionally associated with inventory management and hold them to account.
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