Inventory Management
Inventory is a result of supply happening before demand. Stocks can be kept low when supply and demand are synchronized. Synchronization is difficult if the demand signal or the supply fluctuates, which leads to either stock-outs or excess inventory.
Inventory management is the art of maintaining stock at the right level to buffer the supply chain against peak demand and low supply – ensuring overall low inventory and high product availability. In inventory management, we see an intersection of many disciplines in your business. From Sales to R&D, or operations to procurement: inventory management optimization is a cross-functional matter where individual, sometimes conflicting, goals meet.
Our inventory management solution takes all your individual goals into account in a holistic approach, like balancing costs, cash, services, and risks. Our easy-to-use-solution provides the expertise for measurable results from day one.
On demand webinar:
How to tackle your working capital
In the last few months, we have seen how important liquidity is: as the COVID-19 crisis hit, a threat to the survival of many companies surfaced within the first few weeks. More than ever, this shows the importance of working capital management as an existential element to the financial health of your business. Watch our on-demand webinar on working capital optimization.
Does this sound familiar?
Despite high inventory levels, my service levels are moderate or low.
Problems in inventory management we encounter often.
Does this sound familiar?
- Inventories prevent introduction of new product releases or cause discounts.
- Despite high inventory levels, my service levels are moderate or low.
- I have too many backorders, even though I have too much inventory.
- I am writing off large amounts of inventory every year.
- I have too much cash bound in inventory, but do not know where to start reducing it.
- I don’t know what the right inventory levels are and how to plan them.
Benefits
Up to 45% reduction of inventory position
Up to 100% reductions of non-movers
Up to 40% reduction of write-offs
Up to 80% reduction of WIP inventory
Up to 60% reduction of C-parts and spare parts inventory
Up to 15% reduction of raw material inventory
How it works
With AIOinsights, we create the necessary transparency to reveal areas of improvement regarding your inventory. In our targeted inventory and master data analyses, we make end-to-end transparency possible, uncovering the root causes of wrong inventory levels.
With AIOintelligence, we evaluate improvement concepts using advanced algorithms to optimize inventory. With our fact-based classification of SKUs, you set the right inventory parameters.
With AIOimpact, we initiate, execute and monitor short- to long-term improvement measures that leverage a library packed with best practices, tracking implementation progress. For instance, running slow- and non-mover initiatives that are regularly adjusted to segment-specific parameters.
In addition to our AIO platform, we offer managed consulting services to optimize your order-to-cash process. Initiate actionable measures to right-size your inventory, whether you need sustainable process optimization or quick results.
Industries
