Clear coherence between the roles of every decision maker within the organization
Inventory Management Issues
Most companies that manufacture or distribute physical products deal with these inventory management issues on a daily basis:
Invoke Consulting has worked extensively in all of these areas and can assist your company with achieving their inventory management objectives. Speak to us today about your goals and how we can help.
Inventory Management Tools
With careful planning most of these costs can be avoided and many tools have been developed over the years for managing inventory:
ABC Analysis – examining the velocity and cost of inventory to ensure your company doesn’t run out of key items
IMPLEMENTATION AND THE MANAGEMENT
In each of these cases the implementation and the management of the processes deployed must be carefully considered in order to provide lasting results.
Going beyond the basics of managing inventory inside the 4 walls of your own facility there are additional areas of inventory to consider:
What happens when you want to employ subcontracting and have others produce part of your value chain? Who owns the goods and how are they managed?
3rd Party Warehouses
When your successful company grows and needs more space, how can you use and manage inventory at 3rd party warehouses?
What happens when you would like to consign inventory to your customers and secure their business for the future?
How can you keep the inventory count process lean and accurate. The larger your company grows, the more important real-time inventory becomes. How do you maintain visibility?