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Integrated Inventory Management

We offer comprehensive and practical inventory solutions

The Issue: The wrong inventory item at the wrong time, wrong quantity, and wrong place.

To meet needs of today's competition "business as usual" is not the answer. Inappropriate levels of inventory are a sign of missed opportunities in a world filled with global alternatives. Too little stock leads to lost sales and customers complaints about reliability. Too much stock in any group of items ties up resources that could be used for additional or new growth opportunities and results in reduce investment returns. Inventory management plays an essential role in your enterprise's profitability and its ability to meet customer expectation. Determining the correct level, time, place and configurations of inventory, requires, joint responsibility of the enterprise, suppliers and customers

The Solution: Integrated inventory management.

Our intent is to bring about fundamental change, and make significant improvement in performance in terms of ROI and customer service, as compared to demonstrated levels. Our approach is to remove functional barriers to improvement, by including factors beyond the traditional inventory departmental control, and integrating both internally and externally, sales, marketing, production, finance and supply operations, into a holistic consideration of inventory levels. Our inventory projects consider a full range of elements (See fig 1 and Fig 2) that impact inventory management, as we design practical solutions for the short and long term.

We will jointly build a set of systematic policies and strategies, which provided your team and partners a clear understanding of inventory management, objectives and targets. We also provide a set of procedures and tools to ensure your teams ability to flexibly and proactively reach optimal inventory and customer service related objectives.

Integrated Inventory Matrix

Areas of Integration Inventory Polices Inventory Planning Inventory Control Inventory Strategies
Operational
  • Materials
  • Information
  • Products
  • Process
    1. Expenditures
    2. Fulfillment
    3. Revenue
  • Quality
 Operational Policies
  • Inventory Turns
    1. RM, WIP & FG
  • Customer Service Standards
  • Storage
  • Handling
  • Inventory Accuracy
  • Quality
  • Targets
  • Supplier Service Standards
 Planning Methodologies
  • Distribution Planning
  • Capacity Planning
  • Production Planning
  • Material Planning
  • Safety Stock Planning
  • Forecast Planning
  • Collaborative Planning
  • Available to Promise
  • Planning Cycles
  • Shipping
 Control Techniques
  • Cycle Counting
  • Economic Order Quantities
  • Fixed Order Quantities
  • Fixed Safety Stock
  • Lot for Lot Order Quantities
  • Statistical Safety Stock
  • Time Period Order Point
  • MRP II
  • ATP Algorithm
  • Forecasting Qualitative
  • Forecasting Quantitative
  • Analyses & Models
  • Measures & Indicators
  • 'As Is/ To Be'
  • Initiatives and Programs
Infrastructural
  • Organizational
  • Facilities & Equipment
  • Systems & Technology
 Infrastructural Policies
  • Education
  • Training
  • Layout
  • Automation
  • Integration
  • Computerization
 Program Planning
  • Enterprise Development
  • Facilities Re-Layout
  • Equipment Refurbishment
  • Systems Evaluations
  • Technology Assessment
 Project Control
  • Material Handling
  • Materials Storage
  • ERP/ MRPII, WMS
  • E-Commerce/Interface
  • Bar Code
  • Radio Frequency
  • Data Warehouse
  • Simulations
  • Capabilities
  • 'As Is/ To Be'
  • Initiatives and Projects

Adapted from Integrated Inventory Management by Paul Bernard