Inventory = money

By Staff -- Modern Materials Handling, 1/1/2000

"Inventory integrity is a measure of how much you can trust the data that you maintain that describes the inventory you own," says Leslie A. Lauer, manager in merchandise operations for Kmart Corp. And although inventory integrity can be difficult to maintain, it is important that you do so. Training in basic stock keeping principles is essential for everyone who handles a firm's inventory. Statistics in a KSA Consumer Outlook study conclude that a $1 billion company with average turns, in-stock, and growth projections can dramatically improve results by focusing on its inventory integrity and effectiveness. Financial benefit for the same company could range from $40 million to $150 million, according to the study.

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