After full implementation of Lean tactics for production of the 787 vertical fin, the Boeing CMC anticipates near-term reductions in factory cycle time, inventory, stores, work-in-process, and inventory turn rate by another 20 to 30 percent.
One of the most critical decisions retailers can make is their pricing strategy because it directly impacts inventory turn rates, profitability and even the store's ability to attract and retain long-term loyal customers.
As a result, the company has slashed more than half a million dollars in inventory redundancy, improved inventory turn rates by 95 percent and achieved a 13% increase in order fill-rates during the first year of the implementation.
This fiscal year we have opened 10 and closed 8 retail superstores for our manufactured housing unit, and we will continue to focus on expanding our distribution base and maximizing our inventory turn rate.
Such risks and uncertainties include the company's ability to successfully implement cost-savings programs, acquire or develop new products, technologies, or companies, continue to achieve improvements in gross margins, manage its manufacturing and inventory costs, introduce products in a timely fashion, as well as market acceptance of new products, delays in obtaining regulatory approvals, the impact of changes in foreign currency exchange rates, particularly with respect to the Euro, the ability of the company to increase its inventory turn rate without creating difficulties in product delivery times, price and product competition, and the ability of the company to maintain increased efficiency and provide customer support with its reduced staff.
Such risks and uncertainties include the company's ability to successfully implement cost-savings programs, acquire or develop new products, technologies, or companies, continue to achieve improvements in gross margins, manage its manufacturing and inventory costs, introduce products in a timely fashion, as well as market acceptance of new products, delays in obtaining regulatory approvals, the impact of changes in foreign currency exchange rates, particularly with respect to the Euro, the ability of the company to increase its inventory turn rate without creating difficulties in product delivery times, price and product competition, and the ability of the company to maintain increased efficiency and provide customer support with its reduced staff.
