ERP And The Operations Manager: Making The Most Critical Employee Even Stronger
For many companies, procured materials are the largest component of their cost structure. Simply put, managing the acquisition of goods or services at the best possible cost, in the right quantity and quality, at the right time, can continually lower direct materials cost and protect margins. Lower inventory levels free up valuable working capital that can be invested in growth opportunities. In addition, holding fewer inventories lowers warehousing costs and reduces the exposure to excess and obsolescence write-offs.