
Day 3 : Challenge: Inventory Management
Inventory management is a constant balancing act for manufacturers.
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Inventory management is a constant balancing act for manufacturers.
Procurement is a critical process for manufacturers, but it often comes with its own set of hurdles. The biggest challenge for SMB manufacturers is maintaining procurement of optimum amounts of inventory level based on order quantities. Perhaps, they usually face overstocking or under stocking.
Managing orders efficiently is the backbone of any manufacturing operation.
One of the biggest challenges in manufacturing is dealing with unexpected changes in customer demand—whether it's a sudden surge or a steep decline.