Manufacturing facilities, municipalities, school systems and even higher educational institutions all find themselves with inventory costs that are out of control:➧ Inventory is bought based on a perceived need not data.➧ Excess inventory sits on shelves that freezes assets and cash flow.➧ A lack of the right inventory adds additional costs to expedite the purchases that should have been on hand.Getting control of inventory costs can have a significant impact on the bottom line. Here are the top 3 areas to focus on when taking back control:➧ Plan for every part - Put together a usage plan. Know exactly when where and estimate how much the product is used by each location. This data allows you to project and properly purchase based on real info.➧ Proper products - Don’t just purchase for fit, form or function but purchase for product performance per application. ➧ Aggregate the spend - When procurement is properly leveraged across all usage locations, often bulk discounts and shipping costs are reduced significantly. BONUS: On average, a purchase order costs an organization about $100 to issue. If purchase order volume is reduced by 25% imagine the cost savings an organization can see.Many suppliers claim to have material management specialties, but few have the capabilities to truly perform. At ValuePoint, we are different. We are your partner and advocate, not a vendor. We don't sell product, i.e. we are not a distributor, nor a manufacturer. As a service provider, we seek to have our pricing model reflect the flexibility our clients require. We offer customized solutions to fit your needs!If you are concerned that you may be leaving money on the “shelves” when it comes to MRO and related indirect inventory management, I invite you to have a conversation. Whether or not we work together, I am confident a call will offer insights into ways you can save. Email me at ELarson@ValuePointSolutions.com or call 989.239.8166