“We finally have full transparency of what we have, so we can make fact-based decisions on a weekly basis.”
– Head of Supply Chain, Automotive manufacturer
Inventory Analytics
nVentic has built a range of advanced tools which give you great insights into what your inventory data is really telling you. We deliver this inventory analytics either through Software as a Service (SaaS) or Analytics as a Service (AaaS – see below). These tools have been developed by synthesising the best scientific work on inventory optimization as well as drawing on our decades of experience working with multiple organisations.
While many software applications offer inventory optimization, their focus is usually the planning process itself. Our philosophy is that in order to deliver inventory optimization, you need to understand what your data is telling you. We always recommend as a first step understanding your current position and particularly how close to optimal you are. Inventory optimization is a complex endeavour with many variables that themselves are also frequently complex. We can help advise you on where your biggest opportunities are, whatever your inventory management maturity.
The starting point for most organisations is an Inventory Evaluation, which is a robust diagnostic of your current inventory position that allows rapid and sustainable improvement and can also be implemented as SaaS to provide you with ongoing insights.
Inventory is a complex topic to fully understand and master. We have a range of advanced tools that can help you with your specific situation.
Bespoke Inventory Analytics
Many aspects of inventory optimization are very technical and can seem daunting, especially when faced with big data sets of questionable quality, so it is always beneficial to work with an inventory optimization partner like nVentic that can contribute true expertise.
Our bespoke inventory analytics helps senior supply chain professionals and analysts with a range of advanced analyses for periodical and ad hoc reviews.
We help clients with a range of detailed inventory topics, that include:
- Service level optimization
- Lead time optimization
- Order size optimization
- Sensitivity analysis
- Multi-echelon inventory optimization
- Cover analysis
- Regime shifts
- Holding costs, reorder costs and shortage costs
- Back orders and lost sales
- Perishability
- Multiple linear regression analysis
Whatever your inventory challenge, speak to us today about it.
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