Overview
Inventory management is one of the most important aspects of distribution, but also one of the hardest activities to optimize, given the constantly changing demands of the market and in company ability. Implementing best practices developed by the Global Supply Chain Lab will allow your company to reduce, increase, and/or reorganize your inventory as needed.
Through knowledge learned from the inventory management program, attended by all our management and key salespersons, we have reduced our total inventory levels by over 20%”
-Brent A. Burns, Building Materials Distributor
Challenges
Misaligned inventory investment
Critical stock outs
Excessive ‘C’ & ‘D’ inventory
SKU proliferation
Solutions
Multiple criteria stratification
- Profitability
- Logistics
- Criticality
- Custom criteria
Combination inventory stratification
Benefits
Right-size inventory investments
Manage item-level profitability
Maximize your ROI on inventory
Balance customer service
Reduce obsolescence
