Strike the right balance between inventory and service levels
When it comes to optimizing inventory management, the questions are many: What is the right level of inventory? At what point in the supply chain? How do I know what is optimal? Are we prepared for seasonal shifts?
Enterprises that follow a conventional single-stage, single-item inventory optimization model that looks at each SKU and stock location will be out of step — and perhaps out of luck — in today’s global, interconnected business operations. The result: frequent stock outs, overstock, unhappy customers and blocked working capital.
CBSV helps Fortune 500 and Global 2000 enterprises worldwide improve their inventory management capabilities, and create more responsive, more efficient supply chains. CBSV can quickly assess your current inventory situation and devise a plan to simultaneously increase product availability and service levels while reducing investment in working capital.
– Richard Powell, Director of Procurement and Supply Chain, Prudential
Our procurement transformation engagements are led by seasoned procurement experts and supported by a world-class infrastructure comprising our sophisticated methodologies; cloud-native procurement software; a rich knowledge base of best practices, benchmarks, and analytical tools and templates; market intelligence capabilities; and global reach.
Our experts can devise an improvement plan to reduce working capital and increase inventory velocity. We’ll help you capture every available demand opportunity while optimizing the use of cash to fund operations.
Remember, having the right products readily available is critical to capturing demand while keeping inventories low. When items are ready “just in time,” they aren’t sitting idle and taking up space, costing money and, possibly, becoming obsolete.
What’s the Impact?
Key Capabilities for Intelligence, Agility and Resilience.
Technology and transformation clearly go together. But which one drives the other? Do you embark on a transformation project then look for technology solutions?
Webcast - Procurement Transformation: Driving Performance & Results Beyond the Limits of Leverage Systems.