Question: Excess inventory or raw materials at your facility has been determined to be a problem and the most critical task for your to address with

Excess inventory or raw materials at your facility has been determined to be a problem and the most critical task for your to address with your supply chain partners If you can only take one of the actions below what is the best option to reduce inventories and improve cashflow within your company?
- standardize all your processes and improve the quality of your raw materials
- insure that all items are marked with rfid tags
- work with your suppliers on vendor managed inventory program
- institute cpfr with your suppliers to improve vendor communication

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!