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It is a well known fact that more businesses go bust due to lack of cash than through being unprofitable. Within the Current Assets of your Balance Sheet, stock is your least liquid asset.
In this Podcast we discuss Inventory Management, SKU segmentation and categorisation and the never ending challenge of balancing Service Level V Stock Value.
This is the first of two Podcasts in this area. In the next one we will discuss how Procurement effects Inventory Management and the many things that Procurement can do to add value to Inventory Management.
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