Among the many “side effects” of COVID-19 has been its impact on the supply chain and controlling inventory. A 2021 Grainger report found that inventory management was the second biggest area of impact from the pandemic after lead time.
With supplies and parts backordered or not available, companies need to think about how to better manage inventory.
Polaris MEP’s Project Managers regularly work with Rhode Island manufacturers on planning and inventory processes. We’ve identified several small changes that have been proven to have a big impact on controlling inventory.
In this new video, I offer five quick tips based on our experience.
Press play to learn how concepts like ABCs and EOQs can spell time and money savings for your company. Ready to learn more? Join me and Project Manager Ted Kennedy on February 16th and 17th for Inventory Management 101.