Getting more potential out of your supply chain
How you can effectively optimize your stocks
Efficient inventory management has become a success factor, especially in times of creeping recession. The balancing act between excessive stock levels and sporadic bottlenecks is a complex challenge for many companies.
The key question: How can the optimum inventory be determined with constantly changing parameters? Which key figures help to really understand the performance of the supply chain? How important are individual materials, for example? How high is the inventory turnover? And how much of my stock is actually freely available?
The main premise here is: no optimization without a target stock! After all, mathematical solutions only help once a precise understanding of the inventory has been created. So start your analytics initiative now with our SCM experts and get the best out of your inventory optimization!
Your initial situation:
- Despite full warehouses, many products are not available for delivery.
- High storage costs due to overfilled stocks
- Inability to deliver due to fluctuating demand and unreliable delivery times
What you get:
- Mathematically optimized safety stocks based on jointly developed KPIs such as service level or fill rate
- Classification in ABC/XYZ clusters for a targeted definition of safety stocks.
- Simulation of your stocks with realistic distributions to evaluate the results
Content of the assessment:
- Data provision: Determine which data is required and how it can be obtained.
- Analyzing demand patterns: analysis and cleansing of data, classification into ABC/XYZ clusters and identification of relevant demand patterns.
- Safety stock calculation: Based on the identified demand patterns and the quality of the data, the mathematically optimal safety stocks are calculated.
- Simulation of the results: Based on the historical data, the mathematically optimal safety stocks are simulated and evaluated with realistic distributions for demand and delivery times.
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