Ways to optimize inventory: The Inventory Bank

An inventory bank is one way to optimize inventory and reduce carrying costs.

If you have slow moving inventory, you can put your OSMI(obsolete slow moving inventory) in an inventory bank to free up warehouse space and reduce carrying costs. See Inventory Bank Solutions for more info.

Article on specific cost items related to carrying slow moving inventory

What is the real cost of holding onto inventory? Is it 20%, 30%, 40% or more?? Recent studies indicate that in many companies the carrying cost is no more than a guess, or a number given to them by accountants or other sources.

Read More: Inventory Cost Specific Cost Centers Article

Inventory Carrying Cost Calculator

See this calculator for an easy way to calculate your inventory carrying cost.

Inventory cost calculator