Strike the right balance between inventory levels, customer service and operational efficiency by addressing the factors that create the need for inventory.
Inventory exists because real-world supply chains aren’t perfect. Variable demand, inaccurate forecasts, long lead times, unreliable suppliers, and operational constraints all contribute to the need for inventories.
Let us help you to measure the inefficiencies, plan to reduce them and to set the right inventory levels and parameters to achieve your service targets.
Analyze your inventory levels, identify root causes and improve
We use a best practice model to assess the strength of your inventory management processes and systems.
We analyze your finished goods, raw materials and work-in-progress inventory levels and identify areas of understocking and overstocking. We measure the root causes of your required inventory levels – demand variability, forecast accuracy, supply reliability, manufacturing strategy, agility, lead times and service level targets.
We help you to set target inventory levels and objectives to reduce your inventory requirements, then we work with you to develop the planning parameters and other system inputs to achieve the targeted levels.
Analysis of your finished goods, work in progress and raw materials inventories together with causes such as lead times, demand variability, forecast accuracy and supply variability.
Inventory targets and planned improvements that will enable them.
Process design for your future-state inventory management processes.
Roles responsibilities and accountabilities in the new process
Measurement scorecard to track inventory levels and key drivers.
Project plan with deadlines, roles and responsibilities
Changes implemented and benefits delivered by your team with our guidance.
