Inaugural survey of manufacturers and distributors. Overall, survey results signaled cautious optimism; but they also pointed to some worrying signs based on specific responses, and our subsequent analysis of those responses within a broader contextual framework. Generally, most respondents continue to face many of the same challenges they have faced for years—rising material costs and the ability to find skilled labor to fill jobs were the number-one and number-two most cited concerns respectively. Yet respondents seem unsure whether new strategies or methods to address these challenges will ever surface. Discover how you measure up against your peers in the region.
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In a simple sense, inventory optimization is what you get when you strike a balance between having enough inventory to satisfy your customer service standards while stocking as little inventory as possible. Customer service standards involve meeting demand—but not past the point that you have too much. But inventory optimization gets complicated when supply and
To keep a close eye on cash flow, most companies opt for some form of accounting software. By tracking money coming in versus money going out, accounting departments use accounting solutions to spot trends, uncover losses and otherwise make necessary financial decisions and adjustments to not only remain in the black, but to stay open