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Inventory
Turns
How many times you can “Turn” your money over in a year. This is expressed as a ratio of the total inventory to the annual sales. Example: If the dollar value of the inventory (a number that probably must be reported to both your banker and the government) is $5,000,000 and the annual sales is $25,000,000, the inventory turn is five. If the inventory can be reduced to $1,000,000, the inventory turns become 25. Increasing your inventory turns may require a paradigm shift by your banker, who may think inventory is something of value rather than MUDA.  In today’s global environment, businesses must continuously improve in order to remain competitive. Maintaining and increasing market share is dependent upon a company’s ability to deliver high-quality products—and the right price—when the customer wants them. M2 Global Solutions offers specialized services to clients desiring to make quantum improvements in the quality, delivery, and cost performance of their manufacturing and supply chain processes, both internal and out-sourced. The M2 Global Solutions staff is highly knowledgeable and experienced in lean manufacturing technology, quality systems, supply chain management, new product introduction, and business coaching and strategic planning. Our team approach permits our consultants to assess the current performance of systems and processes that impact business results and then work with the client’s personnel to develop effective solutions for improvement. Our clients benefit from our in-depth experience without incurring the expense and overhead of maintaining a permanent in-house staff. Deliverable services include assessing manufacturing effectiveness, developing and deploying strategic and tactical plans, and implementing improvement plans and strategies. These services can be directed to the client’s internal processes as well as those of cooperating strategic partners and suppliers. The effectiveness assessment services are of significant value when evaluating potential suppliers and performing the due diligence required during acquisitions and mergers |
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