What We Do: FAQs
Think... Inventory Optimisation!
Many businesses see inventory as a liability and excess inventory a mark of business failure.
But consider this: Inventory helps you meet your customers' demands. If your production is disrupted by lack of inventory, your customer suffers - along with your bottom line.
For us, and increasingly for our clients, inventory optimisation is the key. This requires a continuous focus on improvement, which ensures a balanced inventory holding and a profitable bottom line.
Can more inventory save you money?
Yes, sometimes it can. Our analysis at Plastics Omnium, a main automotive plastics supplier, saw a modest increase in inventory investment payoff with a three-times saving in production costs.
In this instance, by increasing inventory, our client stabilised the manufacturing process and delivered perfect products to the customer on time.
What about less inventory?
Obviously, more inventory is not the answer for every business.
Our analysis for a major aerospace component supplier produced a 16% reduction in inventory and a bottom line saving of £500K.
What about customer service?
Are you losing business because you don't hold the right inventory to meet customer demand?
When we helped a large garden products manufacturer optimise their inventory, customer service - and by that we mean orders, virtually tripled.
Who Murdered MRP
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