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Martin Murray

Calculating The Cost Of Holding Inventory

By August 31, 2011

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Many companies have considered implementing lean manufacturing and now there is an website with a real-time Inventory Cost Calculator developed by the Hands On Group which can show management the real cost of the inventory they are holding. The online calculator shows the opportunities available to improve cash-flow and bottom-line results by implementing Lean Manufacturing.

Management can enter their current total inventory in dollars, the carrying cost of inventory, inventory reduction goal and the time lag. The calculator will then compute the inventory carrying cost per period. The online calculator will also identify the cash generation that will result from a focused lean manufacturing inventory reduction process.

Read more about Lean Manufacturing here.

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