PRODUCTION & OPERATIONS

Manufacturers from different industry verticals have different inventory needs

mindset . This mindset is characterised by the perception of inventory management as an overarching business strategy . It ’ s about more than maintaining operations ; it ’ s about holistically improving them to better achieve specific business needs and goals .

One area where the value of this mindset is clear is in manufacturing expansion . As the cost of space in factories continues to rise , many manufacturers struggle to pursue their expansion plans , feeling they must choose between growth and profitability .

This is a mistake . With efficient inventory management , manufacturers can expand without any physical cost , optimising their profitability per square foot instead .

“ Maximising the use of available space can significantly enhance efficiency ,” James says . “ This doesn ’ t necessarily mean expanding the physical footprint of a warehouse but rather using the existing space more intelligently .

“ The implementation of high-density storage solutions and the strategic

order accuracy achieved by PUMA thanks to Autostore solutions

AutoStore helped PUMA increase its warehouse capacity by more than 10x – enabling it to ship over 100,000 sameday orders with a 99 % hit rate in order accuracy

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