Our Inventory Optimisation services are targeted at achieving significant capital investment reduction in high volume and complex product supply chains. Inventory managers face complex inventory management challenges daily regarding holding the right inventory in the right place and achieving the right balance between cost and inventory service levels while minimising risk. We’ll help you to improve inventory management and inventory control.

INVENTORY MANAGEMENT & OPTIMISATION

New World Business Solutions utilises best of breed inventory management and optimisation software and methods to deliver the best distribution of inventory within specified cost and inventory availability goals. The supply chain software used for inventory optimisation includes JDA Inventory Optimization, E2open, Horizon Inventory and ToolsGroup. Innovative inventory optimisation software improves inventory planning and allows inventory managers to match orders with available inventory, increase inventory service levels and inventory turnover and optimise the inventory investment. Through advanced inventory planning and optimisation, our inventory management consultants and warehouse management consultants will help you develop the right inventory optimisation strategy and optimise inventory levels in your supply chain.

  • What items should we hold in inventory? Where and for how long?
  • How much inventory should I hold? How much of each stock keeping unit should we hold? Where and for how long? How much inventory is too much?
  • How much of each item should we buy? How often? How fast should it be turning over?
  • Which items, and how many should we move where? When and how should we move it?
  • Sub-optimal or absent inventory management strategies, stocking policies, inventory profiling, inventory classification and inventory categories
  • Identification of critical inventory, non-critical inventory, safety stock and slow moving inventory
  • Addressing understocked and overstocked inventory and inventory obsolescence
  • Addressing inventory security, pillage (inventory theft) and ullage allowance (inventory loss or damage), all impacting inventory availability and data accuracy
  • Addressing inventory service levels, inventory lead-times, stock replenishment, supply options, minimum purchase quantities and lot sizes
  • Addressing excessive warehouse transfers, multiple storage locations, duplicate storage locations, warehousing constraints, inventory holding decisions vs storage capacity and utilisation
  • Dealing with inventory reservations and postponement logistics, all impacting inventory availability, timing and space
  • Addressing inventory holding costs, receiving costs, opportunity cost, ordering costs, expediting costs and write-off costs
  • Addressing inventory planning, demand forecasting, demand variability, supply variability and transportation constraints
  • Addressing asset downtime and availability, and production capacity
  • Addressing inventory data accuracy and data availability, inventory demand history, inventory parameters, Bill of Materials, materials requirements planning processes and impact on production
  • Availability of accurate inventory demand visibility and robustness of sales and operations planning processes
  • Review of the impact of outsourced third parties involved in inventory management and inventory control including vendor managed inventory, third party warehousing and 3PL arrangements
  • Review the adequacy of your inventory management system, methods and tools
  • If necessary, evaluate, select and implement the most appropriate inventory management software
  • Optimal balance between inventory investment, inventory service levels, cost and risk
  • Increased inventory service levels and improved inventory control
  • Significantly reduced stock outs, stock out costs, inventory holding costs, receiving costs, ordering costs, expediting costs and write-off costs
  • Significantly reduced end to end supply chain costs
  • Improved inventory turnover
  • 10-40% reduction in inventory assets
  • Improved return on working capital
  • Significant reduction of excess inventory, slow moving inventory and inventory obsolescence
  • Improved inventory management and inventory control processes
  • Accurate and complete inventory data and accurate Bill of Materials
  • Improved inventory planning, data accuracy and methods for demand forecasting
  • Improved management of demand variability and supply variability
  • Improved stocking policies and stock replenishment strategies, and confirmed and accurate inventory lead-times
  • Identification of the right inventory mix to deliver service level targets
  • Confirmed inventory holding decisions and optimal inventory parameters including the identification of the right inventory items to hold where, how much, when and for how long
  • Optimal use of storage capacity and space utilisation across the supply chain
  • Greater visibility and integration of inventory managed by third parties (vendor managed inventory, third party warehousing and 3PL arrangements)
  • Reduced asset downtime and increased asset availability with increased revenue gaining potential