Manufacturers - Eliminate Shortage/Overage Problems – Finding Equilibrium
QAD's Supplier Portal Expert Gary Wasserman discusses how carrying costs impact margins and profitability. He also discusses the importance of:
- Manufacturers and buyers purposely carry excess inventory to avoid stockouts
- Forecasts/change orders not updated in real-time result in material overages/shortages
- Unknown dispatch dates and lack of visibility of suppliers shipping full or partial orders