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 optimization 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 the amount of inventory, reducing capital holding costs and maintaining or improving customer service levels.
Our expert 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.