Crushing “Inventory Icebergs” with Michael Ryan
Champion Personnel Systems is a flexible talent acquisition and consulting group designed to strategically pair job candidates and employers together so both parties' benefit.
Today, we are joined by Michael Ryan from M. Ryan Group, an inventory optimization company, to talk about crushing inventory icebergs.
What is an Inventory Iceberg?
An inventory iceberg is when a business is only focused on the inventory they can see, not realizing that they actually have much more than meets the eye. People are used to working the same way that they have always worked, which is fine until it's not…
What the M. Ryan Group has found is that there is about 10% of the inventory that you can see, but then there is 90% below the surface. The bottom of the iceberg includes people, processes, and other parts of your systems that are typically overlooked.
Over time, manufacturers collect inventory, that inventory builds up, and it ends up freezing cash into a variable iceberg. This is something that many companies are not even aware of.
For example, maybe a new product came out to replace an old product. That old product was still paid for but is now just sitting around, and until it becomes a problem, they're just not aware of, or they may not know to look for.
How Can the M. Ryan Group Help Manufacturers?
The M. Ryan Group can come into your business and help you reveal the hidden cash in your inventory to help ease the financial burden you may be experiencing. They are a guide for CEOs, CFOs, and operations managers alike, to help them be the hero in their business.
Learn More About Inventory Icebergs
If you relate to this inventory struggle, reach out to Michael Ryan at the M. Ryan Group on their website.
If you want to learn more about flexible talent acquisition, watch more videos like this in our video library or contact us at Champion Personnel today!
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