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INVENTORY OPTIMISATION STRATEGY

Inventory optimisation consulting that drives profits.

Excess inventory often hides/compensates for supply chain deficiencies. It’s important to leverage smart inventory placement, product flow and segmentation to develop robust omnichannel fulfillment strategies driven by customer demand.

A materials management consultant works on inventory cost reduction.
micro-fulfillment technologies .

Leverage enVista experts to optimise your inventory investment strategies.

enVista’s supply chain consultants and inventory optimisation experts use best inventory optimisation practices to analyse complex data around your forecasting/inventory optimisation needs, identify gaps in your current processes and suggest best practices to maximise the potential of one of your most important capital investments.

Segmentation

Each product is analysed across many different attributes from sales and demand profiles to supply availability and cost. We utilise these attributes to segment your supply chain’s fulfillment and inventory logic into targeted strategies to drive efficiencies up and costs down.

Product Lifecycle Management

Our lean inventory consultants review product lifecycle stages and processes when considering inventory to gain a holistic view of your supply chain management system. This analysis generates strategic supply chain planning recommendations around demand and supply to manage and minimise cost/waste throughout all lifecycle stages within your network.

Forecast Accuracy

Our inventory optimisation consultants analyse forecast performance and value add activity along with historical demand to inform inventory strategy and correlate supply impacts to minimise inventory investment while increasing customer service.

Big Data Analytics

enVista utilises state of the art analytical tools for a thorough and detailed approach to data analysis. Hundreds of millions of records are cleansed, analysed, and visualised precisely and efficiently to uncover normally unseen insights.

Breadth of Expertise

enVista’s inventory optimisation team brings to the table a combined 50+ years of experience. With experience as both supply chain management consultants and practitioners, the team offers expertise in multiple industries ranging from manufacturers and distributors to retailers.  

Featured Insights

Inventory Optimisation FAQs

Inventory optimisation can help organisations figure out how much stock needs to be ordered at any given time. It allows an organisation to track inventory from when it is purchased, to when and where it is sold. Good inventory optimisation will respond to trends, allowing an organisation to get ahead of any industry shortages and ensure there is enough stock to fulfill all customer orders.

Since excess inventory can tie up an organisation’s available cash, it can cost an organisation to keep too much inventory in stock. Therefore, inventory optimisation also makes sure that an organisation doesn’t have too much unused inventory. Since organisations never want too much deadstock (unsold stock), inventory turnover is used as measure to determine an organisation’s inventory optimisation success.

enVista’s consultants can help ensure that your organisation has enough stock to fulfill your orders, while also working on reducing unsold inventory to maximise company profits.

Meeting consumer product demand, creating a positive customer experience, and effectively vying with the ultra-competitive order-to-delivery times that leading retailers have implemented all require inventory flow precision and positioning.

Inventory optimisation, or product flow optimisation, allows your company to reduce out-of-stock items, minimise carrying costs, increase fulfillment turn rates and ensure margins are preserved. By balancing capital investments, maintaining service level goals and considering supply and demand volatility, companies can dramatically improve inventory turns, improve service levels and significantly reduce costs. Proper inventory optimisation will allow you to keep the correct amount of stock on hand and reduce the minimum amount of stock required to maintain optimal service levels for your customers.

enVista’s inventory optimisation process involves accurately allocating your inventory across your supply chain channels, evaluating your supply and demand volatility to determine optimal safety stock levels to reduce overall inventory levels, reducing capital holding costs and maintaining or improving customer service levels.

Our expert consultants help you optimise your organisation’s product flow, allowing your company to effectively improve your order-to-delivery times to be competitive in the global retail landscape.

 

enVista’s inventory optimisation consulting allows your organisation to:

  • Reduce overall inventory holding costs with inventory reduction
  • Improve service levels to the end customer
  • Improve inventory turns with inventory optimisation systems
  • Reduce capital risks with improved inventory accuracy
  • Reduce distribution center storage requirements

With an optimised inventory plan, you will see optimised inventory levels to match the needs of your business. This allows you to leverage inventory performance increases and changing product flows, which can reduce stock levels to address issues of overcrowded warehouses, poor cash flow, and obsolete inventory. You will be able to utilise our in-house modeling tools that determine optimal inventory positioning down to the SKU-level based on push-and-pull boundaries, supply and demand variability, velocity class (ABC) and other factors.

Inventory optimisation consulting will help you determine optimal product position in the network in order to maintain service level but reduce overall holding cost of inventory. This allows you to understand the cost of inventory held relative to the sales of the product.

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