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INVENTORY MANAGEMENT AND OPTIMIZATION STRATEGY

Inventory management 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.
Warehouse optimization via material handling

Leverage enVista experts to optimize your inventory investment strategies.

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

Segmentation

Each product is analyzed across many different attributes from sales and demand profiles to supply availability and cost. We utilize 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 minimize cost/waste throughout all lifecycle stages within your network.

Forecast Accuracy

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

Big Data Analytics

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

Breadth of Expertise

enVista’s inventory management 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 Management FAQs

Inventory management can help organizations figure out how much stock needs to be ordered at any given time. It allows an organization to track inventory from when it is purchased, to when and where it is sold. Good inventory management will respond to trends, allowing an organization 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 organization’s available cash, it can cost an organization to keep too much inventory in stock. Therefore, inventory management also makes sure that an organization doesn’t have too much unused inventory. Since organizations never want too much deadstock (unsold stock), inventory turnover is used as measure to determine an organization’s inventory management success.

enVista’s inventory management consultants can help ensure that your organization has enough stock to fulfill your orders, while also working on reducing unsold inventory to maximize 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 optimization, or product flow optimization, allows your company to reduce out-of-stock items, minimize 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 management 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 optimization 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 inventory management consultants help you optimize your organization’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 optimization consulting allows your organization to:

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

With an optimized inventory plan, you will see optimized 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 utilize 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 management 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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