Managing inventories can get really challenging. In today’s competitive era, inventories in the supply chain pipeline can make or break the situation for any business. Hence tracking and maintaining optimum inventories is critical and also it is difficult to estimate where, what, how much is required. Overstocking has issues with blocking the working capital and under stocking has huge risks of opportunity loss attached to it.
Recently at Faber Infinite, we worked closely with a client struggling with inventory management and implemented. Accurate and fitting Inventory Management Module based on scientific calculations developed by the team Faber Infinite. The system is capable of equipping the client to understand the current inventory situations. The future state of inventory details, proposed savings in each component, what needs to stored and most important in what quantities.
It also assists in deciding how much to order and when to order. The system takes care of inherent delays attributed to either supply uncertainties or demand variations up to 2 sigma levels. With the Kanban system implemented at the client site, the system gets more flexible, responsive and agile now. Â Reduction in wasted efforts / wasted time, the unnecessary time wasted in searching and managing excess inventory comes as the cherry on the cake.
The scientific inventory management module is industry neutral and has capability to resolve supply chain and inventory issues from the root in any organization.
The overall savings in inventory value for the said engagement (after implementation of inventory management module) is estimated to be approximately 41%. This saving is a mix of positive and negative savings. Positive saving is achieved by controlling over stocking while negative savings results are to avoid under stocking.
Unlock massive savings of up to 40% with effective inventory management. Don’t miss out on this opportunity to streamline your operations and boost your bottom line. Fill out the form below to discover the secrets of efficient inventory management and start saving today!
By Anand Bhattad
Anand works as an Associate Consultant at Faber Infinite. He holds Masters a degree in Business Administration with majors in Operations and Bachelors in Mechanical Engineering being his first degree.
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One comment
Rajan Sharma
July 17, 2017 at 2:49 pm
I agree with all your points mentioned about inventory management in this blog post. Thanks for sharing
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