“Since starting a programme with nVentic we have reduced our inventories by over 50%.”
COO, Industrial manufacturer
Inventory Consulting
Analytics is obviously only ever part of the solution with inventories. To optimize inventories sustainably, you also need to align people, processes and systems. This is where our inventory consulting services come in.
nVentic works flexibly with you to move your inventory management to the next level. As inventory optimization specialists, our inventory consulting services deliver experience and expertise even in the most challenging inventory situations.
Inventory Maturity Assessments
Inventory is influenced by almost every aspect of your business, from production to sales and from procurement to R&D. While supply chain teams are constantly striving to keep inventories at good levels, it can be hard to know at an enterprise level where the biggest opportunities for further improvement are, or how you compare to your competitors.
nVentic can take the temperature of your inventory management. We simultaneously provide a granular, bottom-up quantitative assessment of your potential for improvement with a qualitative overview of your people, processes and systems, including relevant benchmarks, to give you actionable insights into where to find the next step change in your performance journey.
Inventory Optimization Programs
Inventory sits at the heart of your supply chain and is both a symptom and cause of your supply chain performance. Getting inventory right keeps your customers happy, while increasing flow and reducing cost and waste, whatever the balance between customer-centricity and efficiency you are trying to achieve.
Therefore in our inventory optimization programmes we help organisations identify and deliver sustainable improvements in inventory performance. Our specialist consultants provide expert analytics as well as effective change management, backed up by a clearly measurable business case. Improvements to inventory positions of 20% or more, sometimes much more, are usually achievable within the first year, at a high return on investment.
Here is just a selection of the types of projects we help our clients with:
- Scenario planning and data modelling
- Forecasting and forecast value add
- Inventory policy setting
- Strategic inventory positioning
- Complexity management
- Contingency stock planning
- New product introductions and product phase outs
- Make to order / make to stock
- Bill of materials and WIP
Bespoke Inventory Projects
Are you trying to solve a very specific problem relative to your inventory management?
nVentic helps clients on a wide range of topics that are relevant to inventory optimization, often on an ad hoc basis. If you have a problem with inventory, then we are interested in it too!
Whatever your inventory challenge, speak to us today about it.
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