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The Hidden Cost of Inaccurate Inventory Levels

In our last blog, we discussed areas of waste in financial institutions that often go undetected. It’s important to remember that “waste” can be defined as inefficiencies in processes. Next, we will begin to break down each of the seven areas that waste can lurk in operational processes of a bank or credit union. The first area is caused by inaccurate cash inventory levels.

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Topics: Cash Management, Supply Chain Management

The 7 Areas of Waste Killing Your Bank’s Efficiency

You may not be aware of the 7 forms of waste in the manufacturing industry, first defined by Toyota; but what about banking where manufacturing waste isn’t relevant? In this blog series we explore 7 areas of waste in banking that occur in the cash inventory management process and how you can identify them to improve your efficiency.

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Topics: Cash Management, Supply Chain Management