Total Inventory Carrying Cost is made up of a variety of factors. Industry specific percentages range from 12%-25% of total inventory. JRW has provided the breakdown for inventory carrying costs and how it could affect food manufacturers today.
Managing inventory is an important task faced by processors today and is a key contributor to company profitability.
QST Smoke Flavors entered the liquid and dry smoke manufacturing space in 2018, becoming SQF certified in January 2019. Focusing on quality, service and trust, QST works with customers to prevent pricing inconsistency, long lead times, and poor customer service issues. Here is a deeper look at what makes QST successful.
