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              Home | Global Practice Lines | Inventory Management

              Inventory Management

              Supply Chain, Strategic Sourcing, Lean Manufacturing
              Supply Chain, Strategic Sourcing, Leadership, Skills

              Transportation rationalization offers great potential for cost savings. Movement of goods may account for 25% of a company's budget.

              Manufacturers are addressing these inventory challenges and pressures to lower inventory investments by changing their inventory management methods and integrating systems

              Inventory Management Methods

              • Inventory targets based on customer requirements
              • Stocking strategic
                • Managing products differently by classification
                • DC’s near major transportation hubs
                • Use air freight for “quick” response
              • Product and parts stratification
              • Networks and deployment based on service strategies

              Systems Integration

              • Integrating stand alone systems
                • Ordering
                • Inventory
                • Management
              • Visibility of product inventories at all echleons
              • Automatic inventory updates
              • Visibility to product customization and product on hand
              • Production and distributor coordination

              Supply Chain, Strategic Sourcing, Inventory Dynamics, Operations, Distribution

              Demand Forecasting
              A single method for forecasting demand rarely works well for all products, especially if the company has experienced product proliferation

              Product SegmentRelevant MethodMethod Description
              • Life Cycle
              • Opinion
              Predefined profile consulting with
              Mature, non-promoted
              • Time Series
              Historical Pattern/Projection
              Mature, promoted
              • Time Series
              • Cause/Effect
              Historical Pattern/Project
              Action: Promotions or pricing, etc.
              Seasonal or Unique
              • Life Cycle
              • Time Series
              Predefined profile
              Historical pattern/projection
              • Cause/Effect
              Action: Promotions or pricing, etc.
              • Cause/Effect
              Action: Promotions or pricing, etc.

              Supply Chain, Strategic Sourcing, Operational Forecasting, Supply and Demand


              Companies are also facing many inventory management challenges

              • Distributor and production coordination
              • Inventory ownership (centralization versus decentralization)
              • Profile life cycles management
              • Inventory deployment and allocation
              • Changing product characteristics and customization
              • Shift from in-house manufacturing to outsourcing
              • Product returns and repairs
              • Increased customer service requirements
              These challenges are typically met by large investment inventory

              Supply Chain, Strategic Sourcing, Customer Service

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