Inventory Management
Inventory Management, of late, has been a core area for operations excellence for
manufacturing and supply chain driven organizations. It assumes critical significance
for FMCG products as well as other commoditized goods where when poor inventory
management may lead to product stock-out causing lost-sales and, more importantly,
a lost customer. Similarly, excessive inventory at hand would mean capital locking
and consequent interest costs, possible product expiry, additional storage expenses,
and so on.
At Beacon, we understand the importance of inventory management for your organization.
Our three-fold inventory management approach is designed to look at your inventory
requirements at various points comprehensively. This is followed by an inventory
decoupling approach to ensure that every material transfer point has optimal inventory
level based on point-specific service level requirements. A key component of our
inventory management approach is elimination of DEPS (Damage, Expiry, Pilferage,
and Stock-out).
We also assist organizations in deploying a comprehensive warehouse management system
(WMS) and ensure that the WMS is integrated to the inventory management tools recommended
and deployed by us.
Overall, through our comprehensive and integrate inventory and warehouse management
approach, we help clients achieve manufacturing and sales flexibility, reduce working
capital, and eliminate material loss while meeting desired service levels for internal
and external customers.
The typical manner in which we approach and Inventory Problem is outlined as:
