How to keep your inventory under control

10/28/2011 | EBN

Prevention is the best medicine when it comes to excess inventory, writes Ken Bradley of Lytica. Data-quality issues such as having duplicate codes for the same items can cause mistakes in component ordering, he writes. Improper pricing is another component of inventory problems. "[P]rice inaction, as near as I can see, is beliefs-based, and until someone sees that the pricing is not competitive, it will remain unaddressed," he writes.

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