Better Supply Chain
Providing Better Experiences
Did you know...?
A company with annual Cost of Sales of $200M and average inventory value of $50M can...
...increase inventory turnover by just half a turn and improve their annual cash flow $5.5M!
Reinvesting the money in the business or reducing the cost of borrowing could easily return an 8% benefit.
That represents a gain of over $400,000 a year!
You have limited funds available to invest in inventory. Carrying too much can help in satisfying customers, but reducing inventory translates to immediate improvement in cash flow.
By identifying slow versus fast moving items and their movement drivers, you can adjust to further enhance and optimize your overall number of inventory turns, while maintaining and improving customer service.
Optimizing the Process
WWith the intuitive interface and real-time capability of Insight Reporting™ you can:
- Determine inventory turns by Branch/Plant, product grouping or by individual item to identify slow and fast moving items.
- Analyze aged inventory movements to see how items move on a period-by-period basis.
- Instantly analyze summary information by customer, sales order, product line, or any of the other metrics within your ERP.
- Distinguish fast, medium, and slow moving raw materials to optimize material consumption.
- Distinguish fast, medium, and slow moving end items to drive buying behavior and optimize stock levels.
- Make the real-time information available on-line so that all inventory stakeholders (i.e. stocking policy makers, buyers, etc.) can collaboratively manage the process.
