Analyses, management figures, immediate action plan

3 Analyses, management figures, immediate action plan 

To monitor and control the inventory of an enterprise as well as to draw a comparison to similar enterprises, the best method would seem to be the period determination of certain analyses and the charting of various key ratios. 

The SCM should constantly track these ratios in order to identify its own progress in optimizing inventory and readiness to deliver. 

Well-known ratios are the ABC analysis and rate of turnover. We recommend to put your data processing system to work in this area in order to obtain figures that are at least just as revealing. 

The analyses as a rule are calculated periodically or as needed. You should be exceedingly careful when comparing your own operating figures with those of possible competitors or branches so that we according to Schmalenbach 

---