It is widely recognised that businesses and organisations worldwide hold too much of some stock and not enough of other stock (often a result of reactive and badly handled forecasting). The required stock is not always where it is needed, when it is needed and the surplus stock just wastes capital and time and, moreover, may become obsolete and therefore expensive and/or difficult to dispose of.
Stock, Inventory, assets, repairable items, consumables, spares (stuff or whatever it is called) is critical to the success of an organisation both financial and operational. Correct Management saves time and money, increases operational availability, reduces down-time & delays and speeds operational turnaround times. Without stating the obvious, the result of managing stock efficiently and correctly is an improvement in an organisation’s efficiency, effectiveness and competitiveness. The difficulty is how to achieve the optimal balance of holding costly inventory against the costly impact of shortages.
Instead of providing generic inventory optimisation solutions, we like to understand your unique situation and we pride ourselves on our ability to meet or exceed your expectations for product availability at the lowest possible business cost.
In assessing your inventory needs we look at:
- Order and Delivery management
- Inventory Replenishment strategies
- Supplier Management
- Repair Management
- Life Limited and Batch Control Management
- Obsolescence Management
- Disposal management
Once we have built up a picture, our focus then turns to the best practice methods and tools that will help your team excel in Inventory Management.