Inventory consultants analyzing and optimizing your company’s inventory levels. This balances supply and demand, reduces stock outs and inventory carrying costs, and increases customer service. It requires advanced data analytics, forecasting techniques and continuous iteration to drive efficiencies up and cost down.

The most important thing to understand is that inventory optimization is not a one-time project that you implement and then forget about. It’s an ongoing process that needs constant attention, as the parameters used in inventory optimization calculations are constantly changing (for example, supplier lead times, schedules and seasonal trends). If you have a top-down aggregate measure such as cover or inventory turns, they give you a good picture of how lean your inventories are over time, but they don’t tell you how close you are to optimal levels.

Streamlining Operations: Inventory Optimization Consulting

Replenishment decisions are a critical part of inventory management and rely on reorder points, safety stocks and the best order quantity for each stock keeping unit. They need to be accurate so that you are prepared to meet your target service levels with the least amount of capital locked up in inventory.

enVista provides expert inventory optimization services with the goal of helping your business improve its S&OP, demand planning and inventory management processes. We leverage state-of-the-art analytical tools that cleanse, analyze and visualize hundreds of millions of records precisely and efficiently to uncover normally unseen insights. This allows us to help you align your supply chain’s fulfillment and inventory logic with your product and customer segments to maximize efficiencies and profitability.