Things you can do to free up some cash right now:
- Adjust safety stock
- Reduce safety lead time
- Cut PO quantities in half and double the number of receipts
- Implement supplier kanban (its not that hard)
- Rebalance your A, B, C items and discontinue some of the C’s
- Put Purchasing on a strict diet – limit monthly spend to 1/10 of the annual plan
- Revise the annual plan to reflect current reality
- Suppliers are hungry, so lock in shorter lead times
- Liquidate your slow moving stock: have a Sale
- Reduce production lot sizes