As the global economy becomes more competitive, firm have to brace themselves for more challenges. While profitability is always a key concern, managing cash flow is becoming the top priority of most firms.
The importance of reducing inventory in neither normal or abnormal times cannot be over emphasized as firms look for ways to reduce cost and generate cash flow. Lower inventory, after all translate to lower working capital, more cash and lower obsolescence cost.
At the end of the workshop, participants will be able to;