The best way to manage key high turn items is implementing a sophisticated inventory management system. However, if your facility needs some quick savings in the short term, look within your current supply chain to uncover hidden inefficiencies like unreliable counts for high turn items.
Make sure everyone on your staff is held accountable for proper demand planning of key products. Identify key high turn items, and encourage regular cycle counting to quickly determine where inventory management issues can occur. This can potentially identify the root cause of inventory issues and help better predict future demand.1
For more supply chain tips, visit our supply chain center.
1https://www.thebalancesmb.com/supply-chain-hacks-that-can-save-you-money-4061865