Inventory reduction is the most powerful strategy you can employ right now to defend against long-term business impacts. Particularly if your customer base is composed of industries hard hit by COVID-19 restrictions.
Operational adjustments are alright, but there has got to be more to it, if you are to survive.
Inventory is a company’s most expensive asset. Unfortunately, the average wholesale distributor carries around 20% more inventory than what they need. You’d better learn how to reduce inventory right now.
Supply & Demand Chain Executive recently published an article offering 5 strategies on how to reduce inventory as a strong business defense against COVID-19. Read now: