Consulting
Inventory Optimisation
Are you looking to optimize your inventory management and drive significant cost savings? Our professional team specializes in providing comprehensive services for inventory optimization. With our expertise in data analytics, demand forecasting, and supply chain optimization, we can help you achieve optimal inventory levels, reduce stockouts, and improve overall operational efficiency.
+91 89779 24637
Our Services
01
Inventory Analysis and Classification
We conduct a thorough analysis of your inventory data to identify trends, patterns, and outliers. By utilizing advanced analytics techniques, we classify your inventory items based on their demand variability, criticality, and holding costs. This allows us to prioritize inventory optimization efforts and develop tailored strategies for each category.
02
Demand Forecasting
We leverage data-driven demand forecasting models to predict future demand patterns accurately. By considering historical data, market trends, and other relevant factors, we help you optimize your inventory levels to meet customer demand while minimizing excess stock. This ensures that you have the right products available at the right time, reducing stockouts and overstock situations.
03
Safety Stock Optimization
We help you determine optimal safety stock levels based on your desired service levels, demand variability, and lead times. By considering factors such as demand uncertainty and supplier performance, we ensure that you maintain sufficient buffer stock to mitigate supply chain uncertainties while avoiding excessive inventory holding costs.
04
Reorder Point and Order Quantity Optimization
We analyze your lead times, order frequency, and carrying costs to optimize reorder points and order quantities. By aligning reorder points with demand patterns and establishing optimal order quantities, we help you minimize inventory carrying costs while ensuring timely replenishment to meet customer demands.
05
Inventory Policy Design
We assist in designing and implementing inventory policies tailored to your business objectives. Whether it's implementing just-in-time (JIT) strategies, economic order quantity (EOQ) models, or vendor-managed inventory (VMI) programs, we work closely with you to develop policies that optimize inventory levels, reduce costs, and improve overall supply chain performance.
Our key services
Unlock the potential of your inventory management with our inventory optimization services. Contact us today to discuss how we can help you optimize your inventory levels, reduce costs, and improve overall supply chain performance. Let us be your trusted partner in driving efficiency, improving customer satisfaction, and maximizing profitability through effective inventory optimization.
- Integration statistical forecast with demand plan and inventory.
- Excel spreadsheet based analysis and risk notifications
- Simulation and optimisation based upon possible future scenarios
- Reduce stock outs and over stock scenarios
Blogs/Trends
Future Skills
AI, Machine learning
Why Choose Us
Expertise
Our team consists of highly skilled professionals with extensive experience in demand forecasting and inventory analytics across various industries.
Data-driven Insights
We utilize data analysis and process mapping techniques to identify improvement opportunities and make data-driven recommendations.
Continuous Support
We provide ongoing support and guidance throughout the re-engineering process, ensuring a smooth transition and long-term success.
Customization
We understand that each business is unique, and we tailor our solutions to align with your specific requirements and challenges.
Cost Savings
Our inventory optimization strategies focus on reducing excess inventory, minimizing stockouts, and lowering carrying costs, resulting in significant cost savings.