Supply Chain & Logistics case studies are always interesting.
This one is about easy ways to save money in your Supply Chain and Logistics operations if you just look at things differently. And it was an easy problem to fix!
Maybe you have some similar examples you can share in the comments?
Check out this article related to this topic:
7 Mini Case Studies: Successful Supply Chain Cost Reduction and Management
I worked for a company that had 2.7 million dollars worth of 3+ year inventory. I told them the carrying cost alone is about $500,000.00 per year. I also told them the shelf life of some of the product is 2 years! Why are we not getting rid of this inventory?
Eventually, I left the company. There was no reason for me to help the company if they wouldn’t take care of the basics. Oh by the way, this was a 300 million dollar company.
I always tell the youngsters, “Look at the inventory, its the gateway to your upward career growth”.
Yes, sadly that kind of inventory is very common!