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Understanding
which sources of inventory are necessary due to pipeline requirements,
financially viable due to scale effects, or simply required to provide
a given level of customer service is crucial to overall client profitability.
At RESCU Solutions, we believe that the determination of a company’s
inventory management policy must begin with an assessment of the company’s
overall competitive positioning in the market(s) in which is competes.
RESCU Solutions assist their clients to reduce their working capital,
while enhancing their customer service levels. This step change is achievable
through the implementation of simple but effective inventory management
control processes such as lean manufacturing, JIT principles and vendor
managed inventory.
Companies must be able to react quickly to changes in customer demand
and do so with as little inventory as possible. Flexibility and communication
can both be significantly improved, by utilising internet technologies
to e-enable
processes with customers and suppliers.
We also seek to improve the existing inventory management process by enabling
our clients to interpret valuable information which is gained from stock
outs or excess inventory holdings, then use this information to re-balance
the system. Using tools such as Pareto analysis of product line profitability
and variability, we help our clients prioritise high value targets of
inventory reduction or reallocation.
Companies with relatively high customer service requirements or levels
of differentiation capabilities often cannot match the inventory levels
of higher-volume, low cost producers.
To find out more about Inventory Management techniques from RESCU Solutions
please contact consultancy@rescu-solutions.co.uk
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