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Creating Synergy for Manufacturers Will Lead to Higher Profitability
January 22, 2018
The amount of data that management teams have access to can be overwhelming. Despite the advanced technology available today, there are still three key issues that adversely affect manufacturers of all types and sizes- data management, inventory, and gross margin. Although each has its own silo, they are also interrelated. Examining and scrutinizing data management, inventory, and gross margin results in a more reasoned picture about how the use of controls can generate greater productivity and profitability. Creating synergy among these departments will ultimately lead to a positive impact on profitability.