
20 Questions
Gather your Mgmt Team & Discuss
20 QUESTIONS
Elevate Your Inventory Investment Team

1.Is the position of Inventory Analyst in your company a sought after career destination? Or simply a landing spot?
2.Do your inventory analysts walk into work each day with a mission of making money for the company?
Or just staying out of trouble?
3.Are you hiring for math, analytical and collaborative skills?
Or mainly industry knowledge?
4.Is their report card the company Income Statement?
Or decades-old KPIs?
5.Are they playing Offense?
Or still drifting back on defense?
Raise the Inventory IQ of the organization
6.Does your entire management team have a solid knowledge of foundational Inventory Concepts?
Or is the emphasis all on sales?
7.Can that team see how and where those concepts influence your income statement?
8.If a 10% discount is offered, is there a precise, consistent answer of how much to buy to maximize profit?
Or is it more gut and mood?
9.Are story-filled Analytics being delivered to your teams?
Or are they still navigating with Excel?
10.Is your Inventory Team the heart and source of those Analytics?



11.Are you still relying on your ERP to deliver breakthrough Inventory results? Or best of breed excellence?
12.Does your Inventory Software provider put equal emphasis on delivering world-class tools AND developing your people? Or are they just a software company?
13.Are the leaders of your software provider experienced Inventory leaders? Or mainly a collection of software resumes
14.Are your inventory analysts engaged in an ongoing inventory certification program? Or is it‘train and done’?
15.Is your team networking and benchmarking to learn from others?
16.Is everyone bought into the truth that Selling Generates Revenue, but Buying Generates Profit? Or do you still try to cure all ills with sales?
17.Is your Inventory team ‘standing’ each month delivering an update on their business unit? Or just sitting in the back of sales meetings?
18.Is there a proven plan and roadmap to get better each month? Or are they just putting out daily fires?
19.Are you measuring & celebrating those improvements? Which will ensure they continue!
20.Will you allow us to turn these 20 Questions into 20 Yeses?


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MIKE DENG
VPE
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