“I feel like we have too much inventory.”
Maybe we’ve uttered these words while scratching our heads.
Did you know there’s a way to objectively tell if you have the right inventory and what it should be costing you?
Consider this real-world inventory management case study.
A PE-backed, $175 million consumer goods company was scaling-up its production and wanted to know what it could reliably commit to selling as capacity grew.
Deliveries to the customer needed to be at least 98% on-time and in-full and because the shelf-life of the product was limited.
With the help of Waypost Advisors, the company was able to:
From the gathered information, our advisors built a statistical inventory modeling that helped the consumer goods company make crucial decisions, including:
They did not need to implement expensive systems to accomplish this work, nor did they need years of data to get insightful information. Our inventory management advisor was able to help them fit best practices to their company and use common tools such as Microsoft Excel.
Through our partnership, the company could clearly see the financial impacts of their inventory management.
The company no longer wondered ‘how much inventory should I have.’
They now knew what their minimum inventory levels could be and how to drive decisions when levels were too low or too high.
This is the experience our advisors can bring you! Together, we can:
Want to learn more about how you can drive impressive business performance at your company?