| Inventory management is one the most important components of the general management system of company's economic activity because material and technical valuesstored in the warehouses as inventory require big capital inputs and closely connected with other business aspects – production, marketing, sakes, financing etc.  The tasks put by the company in inventory management are often contradicting to each other. From marketing point of view big quantity of products at the warehouse allows to react quickly to large orders and it's profitable. From the point of view of cash flow and finance resources large inventory "freezes" a certain amount withdrawing it from turnover for some period. For the companies of different types of activity, e.g. sales or production, inventory management may mean different things – collection at warehouse or goods distribution (sales company), providing stock of materials and components (production companies). That's why the main task of inventory management in the company's logistics system is to find compromise and manage material flows considering business interests in general.
Specialists of «Logistics Consulting Center» propose a service of establishing the effective scheme of inventory management. The audit of the existing logistics system and analysis of the company's goals will allow to define the main problematic moments in inventory management and to develop recommendations on their improvement.
Time for stock replenishment is different for different products and suppliers, division by lots is different so construction of the optimal replenishment system is a complex optimization task when variable demand for the ready product is also taken into account. Important moments of inventory management system are cost reduction for purchasing of materials, their storing and possible losses amount if some product will be lacking when required. Comparing these aspects specialists of «Logistics Consulting Center» can evaluate impartially the existing company's inventory management system and develop the possible ways of its optimization. Besides, our specialists can propose choosing and implementation of the relevant automated inventory management system which may be integrated with the supply chains management system. As an alternative handing over the inventory management function to a separate functional department in the company's structure or to outside partner (outsourcing) will be reviewed. Depending on the goals achievement of which is most important for the company, «Logistics Consulting Center» will help to adapt inventory management to the most effective level. Phone: +38 (097) 930-34-39 |
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Inventory Management
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Analysis of inventory management system will allow also answer the questions: which products are better to be kept in warehouses and which should be ordered as required; how much materials for production should be ordered for a certain period of time; which control system will be more effective etc.