What challenges do you face when managing inventory?
An outdated approach
The manufacturer forecasts sales, and the system calculates the resources needed. However, the forecasts do not match the actual market needs, and forecast errors increase as they progress through the supply chain, deviations accumulate, and the "bullwhip effect" emerges.
High-demand products are produced in insufficient quantities
Such imbalance causes the company to lose sales and reduce customer loyalty.
Excesses or shortages in the assortment as a result of previous attempts to meet demand
Which, in turn, ties up working capital, and reduces asset turnover. Semifinished products and finished products are consistently understocked
Expired products result in losses
Non-moving goods are sold at discounts. Shipped but unsold products by distributors increase returns.
The lack of necessary information about the links between the supply chain and production
This leads to situations where capacities and inventory levels are insufficient to produce the required amount of goods.
Additional costs for moving goods between storage points
The need for warehouse space is growing, as is the cost of storing inventory and the cost of staff.
Solution for manufacturers and distributors
We take into account real demand and localize the negative relationship in the supply chain
- A methodology for planning, modeling, and managing the supply chain in production and distribution, which aims to ensure an even flow of relevant materials and information.
- DDMRP combines global production and supply chain management practices - TOC, Kanban, Lean, 6 Sigma, DRP, MRP, and the innovation block
- Modeling means linking strategic, tactical and operational levels to achieve goals
- Planning means ordering and replenishment
- Intuiflow identifies key locations for inventory placement and dynamically manages buffers to meet fluctuations in demand, allowing you to keep the right amount of inventory in strategic locations
- Implementing the DDMRP methodology and system ensures a smooth production process, efficient inventory management, and a favorable impact on the company's bottom line
- The ROI increases while profits grow, inventory is minimized, and unnecessary costs are eliminated
Improvement in governance guaranteed
of inventory
Inventory Management Guides
- Which KPIs should I choose to evaluate the efficiency of inventory management? How to calculate them?
- Which of their behaviors should be considered positive and which of their behaviors should be considered negative?
- What should you focus on to achieve the effects?