Deciding on and managing inventory holdings is critical to being able to service customer demand while effectively managing working capital requirements and minimising logistics costs.

Important considerations in optimising inventory include targeted customer service levels, your supply chain network, forecast accuracy and the stability of supply from production plants and finished goods suppliers. Our team work to understand how these inputs are currently impacting on your inventory holdings.

We then work with you to identify alternative inventory policies and using leading inventory optimisation tools, simulate the effect of alternative approaches on service levels and inventory holdings. Our team has experience with most major ERP and advanced planning systems and are able to review current parameter settings and recommend changes that will allow the supply chain team to effectively manage inventory levels.

Our approach to inventory optimisation addresses a number of questions, for example:

> I know I can improve our service and inventory performance, we just don't know where to start?
> What are the most critical inventory and service performance related shortcomings that we should be addressing?
> Are our people, systems and processes aligned to best-practise inventory and service performance
> How does our sales & operations planning (S&OP) process compare to others including my competitors?

By optimisng your inventories you can expect:

> Improved customer order fill rates
> Reduced working capital requirements
> Lower levels of inventory obsolesence
> Reduced logistics costs including warehouse space, order processing and freight costs
> Better cross-functional planning processes and co-ordination

Click here to find out about our Inventory Managed Service