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At the same time, you realise that developing a cost effective inventory strategy is not just about simply installing inventory software. Rather, it’s about clearly and thoroughly understanding the constraints you face, evaluating your inventory policies and procedures, and measuring the results that drive inventory levels.
At New World Business Solutions, we offer proven inventory strategies that improve both your financial performance and customer satisfaction. Using sophisticated tools and rigorously analysing your data, we help you identify and understand the key factors that drive your current inventory levels, and empower you to answer critical questions like:
- How do I increase stock turns and fill rates?
- What are the best methods for calculating accurate safety stock levels that reduce investment and improve service?
- What is the optimal re-order logic and supplier lead-time techniques that lift performance?
- How do I make smarter stock/no-stock decisions that multiply performance?
- How do I identify excess stock and what can I do about it?
- What are the best techniques for improving forecast accuracy, and how do I maximise results?
Our Inventory Management Services
- Comprehensive inventory policy, process and procedures assessment
- 10-point action plan that focuses on rapid ROI
- Inventory management technology audit
- Requirements definition
- Business case development
- Software vendor selection
The Bottom Line
Most manufacturing and distribution companies suffer from excessive inventories, wasted costs, and lower-than-optimal customer service levels. We cost-effectively empower you to take control over what is typically your largest, most valuable and most influential asset: inventory.
