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How much does your inventory really cost? 🤷‍♂️💰📦
3% a year?
10%?
15%?
Inventory costs are not only the costs of money & storage ❌
And by underestimating these costs, we tend to focus too much on our customer service levels: "Customer First !"
A few months after, we pay the real price of having underestimated these costs 💥
Last summer, 2022, the SP 500 companies inventory levels rose by more than 20%, and Walmart +32% (I will share more about it during my next live webinar).
In my new step-by-step tutorial VIDEO, I help you to calculate your inventory's real costs:
I will focus on 12 parameters:
-Money cost
-Insurance
-Taxes
-Storage & Handling
-Stock Control
-Inventory Gap / Theft
-Quality
-Promotion
-Destruction
-Complexity
-Missed Opportunity
-Impact on our beautiful Planet ❤️‍🩹 🌍
Please let me know if you forgot one and which is the most challenging 🙋‍♂️
▬▬▬▬▬▬▬▬▬▬▬▬▬▬ CHAPTERS ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
00:00 Intro
00:36 Cost of Money (Cash-to-Cash Cycle)
01:38 Insurance Cost
1:52 Tax costs
2:08 Storage Cost
4:08 Handling Costs
4:22 Stock Control Costs
5:00 Inventory Accuracy Gap
5:23 Promotion Costs
5:47 Destruction & Donation Costs
7:07 Complexity Costs
7:51 Missed Opportunity Costs
8:28 Planet Impact Costs
9:19 How much does really cost your inventory?
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