Inventory Management Efficiency GainsThrough ongoing inventory analysis, particularly in the last three quarters , inventory levels have been reduced from $12.6 million to the $8.5 million level.
This is a 35% reduction .
Good inventory management eliminate obsolescence, reduces overage (excess inventory), speed up processes, and lower costs.
This is yet another area, among 4 or 5 others, which will benefit margins and future cash flows