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Open the appCurious how to tackle inventory dilemmas? Share your strategies for managing stock and demand in manufacturing.
Balancing excess inventory with unpredictable demand is always a challenge. What’s worked for me is using more accurate demand forecasting and adopting just-in-time inventory practices. It reduces waste and keeps things flexible when demand shifts. Plus, having strong relationships with suppliers makes a big difference when you need to adjust quickly.
Working for a distributor for many years has taught me that manufacturing companies need to rely more on their vendors to help them with their inventory. A good vendor will create a program for the company where the manufacturer can limit on hand inventory but also have quick delivery for fluctuating demand. getting in touch with your vendor base is key and having a conversation where you can work together as a partnership to keep both business' in the black and prevent costly excess inventory issues. Both parties must be willing to share information so that neither side it stuck with excess stock.
Dealing with quality control problems in your manufacturing team. How can you ensure smooth operations?
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Dealing with budget constraints during manufacturing. How do you ensure quality control remains a priority?
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