inventory assessment
Under resourced and left to manage 1000's of sku's to achieve the company's stock reduction mandate. This challenge is left to many businesses who have needed to downsize their operations, losing experienced staff with knowledge of processes and systems.It is not just a matter of adjusting inventory settings to improve the make or buy decision as this approach only hopes to address your future inventory position, the current stock levels still remain. A strategic approach needs to be adopted that encompasses all aspects of inventory management, which includes demand management, forecasting, inventory policy, inventory procedures and inventory control.
Refer to our "successful inventory reduction strategies"
We will undertake an inventory assessment to develop an understanding of your real inventory position by reviewing current stock levels, planning settings and parameters, transaction flow, information flow and physical flow. The outcome is a roadmap outlining improvement plans and stock reduction targets to more controlled levels, releasing valuable funds for other investment opportunities across your business.
common inventory problems
Inventory turns are poor
Too much money held in inventory
Ordering too much stock
Stock accuracy is very poor
our inventory assessment scope
Review your business requirements
Review current inventory levels against historical demand
Review inventory settings, processes and procedures
Review transaction processing, timing and accuracy
Identify potential inventory reduction improvements
our inventory assessment process
Day 1: Site walkthrough to observe and evaluate your warehouse or manufacturing operation.
Day 2-4: Data gathering, process mapping, documentation review and liaison with relevant personnel
Day 5 - Meet the core team to share our observations and next steps
Terms and Conditions
Our offer is based on providing an assessment service to a single business entity.
Select a Supply Chain and Logistics Assessment that identifies real improvement.
We offer a range of assessments that are tailored to specific functions within your oganisation that require review. Depending on the scope of works or the scale of your organisation, our assessments are typically completed within 2 weeks of commencement for single site entities. Reference sites available on request.
