How to Limit Inventory Expenses
Eugene F. Finkin
(President, Material Handling Group, Babcock Industries, Inc. (formerly Acco Babcock, Inc.))
395
Abstract
Royal Little, in his heyday at Textron, used to tell people that managing inventory is “working where the money is.” This statement emphasizes the truth that inventory ties up much of the capital and is the origin of many of the costs of any manufacturing business. The cash needs of the company are highly dependent on how well inventory is managed.
Citation
Finkin, E.F. (1989), "How to Limit Inventory Expenses", Journal of Business Strategy, Vol. 10 No. 1, pp. 50-53. https://doi.org/10.1108/eb039283
Publisher
:MCB UP Ltd
Copyright © 1989, MCB UP Limited