Printing industry is going through a metamorphosis due to digitalisation. From a traditional mass production, it is moving towards mass customisation and this trend must be fostered by the printing business world for its survival. The profits in this business which was over 25% a decade ago has since declined below 10%, hence making the business more competitive essentially this requires them to look inwards for cost-saving to improve their gains.
Why Inventory control?
In this article six inventory control techniques have been prescribed which will improve the margins in the printing industry. Inventory control is based on a water tank analogy. The demand rate (production/sales) should be maintained uninterrupted by the inflow of required supply rate (inventory).