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The Perfect Stock For Clients’ Demands

Process Expertise | Inventory Management

Maintaining optimal inventor y levels reduces the possibility of downtime in the manufacturing processes, low levels of customer service or lost sales. All processes have an inventory element, whether in manufacturing materials or finished product, or in materials to offer services or to promote sales.

The difficulty to establish mechanisms to optimize the investment and guaranteeing the inventory service is directly proportional to the complexity of the distribution chain.

London Consulting offers projects that comprehensively align and synchronize the supply chain affecting the effectiveness of operations and the business’ profitability.

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The Challenge

Companies must recognize the value of proper inventory management so that they can channel their efforts towards the assurance of the inventory’s optimal level, while satisfying the demand and minimizing costs, otherwise the effects can result in:

  • Product obsolescence, damage and failures due to manipulation, opportunity costs and even
    low inventory reliability.

  • Increase in pending orders to dispatch – sold out.

  • Increase in value of inventory.

  • High customer turnover.

  • Increase in cancelled orders.

  • Lack of storage space.

  • Low turnover of stock.

  • Cancellation of purchases.

The above has an impact on financial and market losses.

Soluciones

  • Movement analysis (consumption) vs cost of inventory to manage coverage and inventory composition.

  • Design of a tool for the calculation of an order through the definition of algorithms and parameters: minimum, maximum, reorder, replacement time, variability in supplier’s deliveries.

  • Definition of layout and locations.

  • Definition of the Capacity Master Plan.

  • Tool for cyclical counting and daily program for cyclical counting according to ABC SKU and category.

  • Automation of the control of inventories
    through WMS (Warehouse Management System) systems.

  • Definition of typical days.

  • Design and implementation of indicators for the management of inventories

Benefits

  • Timely identification and management of replacement needs, inventory overages, obsolete or shortage of product.

  • Increase in the level of service and reduction of stockout.

  • Optimization of the value of the inventory and increase in profitability.

  • Increase in the speed in customer care and an impact in picking productivity.

  • Reduction in down time and activities without added value.

  • Improvement in inventory reliability and reduction of lost sales.

  • Reduction of records entered manually and probability of human errors.

  • Increase in active supervision of the area’s activities

  • Increase in opportunity in management, visualization, corrective action and follow up of the improvement of indicators.

OUR CUSTOMERS

avon
blue waters
seven eleven
mattel
pepsi

“London Consulting ’s methodology promotes the involvement and the commitment of all levels within the organization and guarantees an impact in the long term in a sustainable manner”.

- Dominic Hadeed, Managing Director, Blue Waters
(Embotelladora PEPSI Trinidad y Tobago),
ROI 4 a 1.

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