Justifying Investment in Your DC
John T. Phelan Jr., chief operating officer of TriFactor, explains the importance of NPV and IRR, two acronyms you must understand to justify investment in your distribution center or warehouse.
(Boonton, NJ, August 21, 2014) Youve probably managed to succeed in your career while leaving financial calculations to the bean counters, but the Great Recession has affected how companies justify capital projects.
Its time to get comfortable using net present value (NPV) and internal rate of return (IRR) justifications, says John T. Phelan Jr.
Phelan, the chief operating officer of TriFactor explains how in a recent article for Distribution Center Management.
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For more than 40 years, Distribution Group publications have helped distribution center and warehouse managers increase productivity, cut costs, and meet increasing customer demands. Distribution Group publishes Distribution Center Management newsletter, books and reports, and a free e-newsletter.