How to Generate Cash - Inventory Management for Business - 063
Description
This episode talks about preserving the Cash Flow in the business by smartly managing the inventory.
Because the inventory level directly impacts the cash flow. Too much inventory means too much cash being locked in the form of products, limiting the business' ability to pay for overhead costs, such as salaries, and capital expenditures, such as buying new machines.
We will talk about two methods of managing inventory to preserve the cash: (1) Product Segmentation and (2) Safety Stock settings. By understanding whether the product segmentation is strategic or non-strategic, we can apply the right inventory strategy that best serves the business.
Chapters
0:00 Opening
0:17 Cash is King
1:49 Product Segmentation
3:09 Safety Stocks Setting
5:21 Closing
Links
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Apple Podcast: https://podcasts.apple.com/us/podcast/business-and-management/id1660518087
Disclaimers
The Business and Management Podcast is for general informational purposes only. All of the content is based on my own point of view in my personal capacity. I do not represent any company, any brand, or any institution. The use of information on this podcast or materials linked from this podcast is at the user’s own risk. However, if you want to learn more about the content, please visit https://www.marchellludy.com
May you extract the most benefits from this podcast. All the best!