Performance Playbook Workshop: Inventory
In this video, J Schneider, James Dorn and John Gunderson share key insights from a recent performance playbook workshop focused on profitability, inventory optimization, and pricing optimization. The discussion emphasizes strategies for managing inventory, specifically the importance of correctly allocating A, B, C, and D SKUs to maximize growth and profitability. The critical role of manufacturers and distributors working together to optimize inventory and improve service levels is also highlighted.
Key Takeaways:
- Inventory Optimization: Properly managing and reallocating inventory can lead to a 10-30% increase in profitability.
- Collaborative Approach: Partnering with suppliers can help reallocate slow-moving inventory to free up working capital.
- Focus on A and B SKUs: Prioritizing high-demand items ensures better service levels and customer satisfaction.
Thoughts? Questions?
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