Manufacturing, assembly, municipalities, school systems and higher educational institutions all find themselves with inventory costs that are out of control:➧ Inventory is bought without data to support the purchase➧ Too much inventory sits on shelves that freezes assets and cash flow. Often the inventory may be outdated before they ever use➧ Not having enough of the right inventory adds additional costs to expedite the purchases that should have been on hand Getting control of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 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 purchasing is leveraging 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 Material Solutions, we are different. We are your partner and advocate, not a vendor. We don't sell product, not 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 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 cut costs quickly. Email me at SWebb@ValuePointSolutions.com or call 989.295.0422.