Gerry McHugh Consulting - Business Blog

How do I find the right Inventory Control Consultant in Ireland?

Posted by Gerry McHugh

May 22, 2014 9:53:00 AM

One of my more recent blogs covered How to find the right consultant in Ireland, but this can vary depending on the need of the individual practice. To address those subtelties, this is the first in a series of blog posts that will cover my specialty areas. So, how do I find the right Inventory Control Consultant in Ireland?

The person(s) responsible must understand what Inventory Control is, which is like their personal money in the bank. Here I am going to go from Business to Personal. So in your personal life you have a sum of money with which you use to finance your every aspect of life.Inventory Control is a vital part of a business (not just manufacturing) in Ireland and indeed any country.

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Topics: Inventory Control, Cash Flow, consultant

Turning inventory: the risks and the rewards

Posted by Gerry McHugh

May 8, 2014 8:17:00 PM

 

Turning inventory is essential for two reasons, 1) too much on hand and your cash flow will be restricted, 2) if you don’t have enough inventory on hand then you may be unable to satisfy unexpected customer orders. So how do you make sure you have a handle on your inventory?

 

The Importance of Flexibility

Ask yourself these questions about inventory management:

  • Do I have excess supply of certain raw materials?
  • When I buy material, do I have to buy minimum quantities to get the right price?
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Topics: Manufacturing, Inventory Control, Cash Flow

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Gerry McHugh

I have 40 years of international business experience that can help shape your business for success.

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